Overview

The instrument F2007L04926, issued under subsection 13A (1) of the Currency Act 1965, pertains to the specifications of a commemorative coin proposed to be minted by the Royal Australian Mint. Enacted by the Australian Government, this determination addresses the need to establish the detailed characteristics of coins that are to be issued as legal tender. These characteristics include the standard composition, weight, allowable weight variation, design, and dimensions. The determination is subject to disallowance under section 42 of the Legislative Instruments Act 2003, and it comes into effect the day after its registration. The coin in question, a $5 piece commemorating the centenary of Sir Donald Bradman's birth, features a reverse design illustrating a man with a cricket bat and inscriptions acknowledging Sir Donald Bradman alongside the coin's denomination and the designer's mark. The obverse side of the coin bears the effigy of Queen Elizabeth II by Ian Rank-Broadley and the year 2008. Notably, while the coin’s design was developed in collaboration with the Bradman Foundation and underwent stakeholder consultation, no public consultation was conducted regarding the coin’s specifications, as they do not significantly impact business or competition.

Scope and Application

The determination under subsection 13A (1) of the Currency Act 1965 applies to the Royal Australian Mint and concerns the specification of a particular coin, specifically the 2008 $5 Uncirculated Centenary of Sir Donald Bradman’s Birth coin. This legislation mandates that the Treasurer must provide detailed specifications for any coin proposed to be issued by the Royal Australian Mint, including aspects such as standard composition, standard weight, allowable variation from standard weight, design, and dimensions. The coin in question, which honours Sir Donald Bradman, features a unique reverse design depicting a man holding a cricket bat, with inscriptions and a designer’s mark, and the obverse side bearing the effigy of Her Majesty Queen Elizabeth II and the year 2008. While stakeholder consultation with the Bradman Foundation was undertaken for the coin's theme and design, no public consultation was required for the coin's specifications as they do not materially affect business or restrict competition. This determination, which is subject to disallowance under the Legislative Instruments Act 2003, takes effect on the day following its registration.

Key Provisions

The determination under subsection 13A (1) of the Currency Act 1965, concerning the specification of a proposed $5 coin (2008 $5 Uncirculated Centenary of Sir Donald Bradman’s Birth), outlines the coin's characteristics, including its composition, weight, allowable variations, design, and dimensions. Specifically, the coin features a reverse design depicting a man holding a cricket bat with inscriptions "SIR DONALD BRADMAN – ANOTHER CENTURY", "FIVE DOLLARS" and the designer's mark. The obverse side displays the effigy of Her Majesty Queen Elizabeth II by Ian Rank-Broadley and the year 2008. This determination mandates that the coin be part of the Mint’s annual collector coin program, developed in collaboration with the Bradman Foundation, with stakeholder consultation ensuring appropriate themes and designs. The Act imposes certain obligations on the parties involved, particularly the Royal Australian Mint. The Mint must adhere to the specifications outlined in the determination, ensuring the coin meets the prescribed standards for composition, weight, design, and dimensions. Furthermore, the Mint is required to collaborate with relevant stakeholders, such as the Bradman Foundation, to develop coin themes and designs that are historically or culturally significant. While stakeholder consultation was undertaken, public consultation was deemed unnecessary for the coin’s specifications as they do not significantly impact business or restrict competition. Failure to comply with the specifications outlined in the determination can result in various legal consequences. Under the Legislative Instruments Act 2003, this determination is a disallowable instrument, meaning it can be reviewed and potentially disallowed by Parliament. Additionally, any breach of the coin specifications could potentially lead to civil or criminal penalties, although specific penalties are not detailed in the provided text. Generally, such breaches might attract fines or other sanctions under relevant legislation governing currency and coin production.