Under subsection 13A (1) of the Currency Act 1965, the Assistant Treasurer has made a determination regarding the specification of coins proposed to be issued by the RAM.
Subsection 13A (1) of the Currency Act 1965 requires that the determination provides details of the coins characteristics including standard composition, standard weight, allowable variation from standard weight, design and dimensions.
This determination is a disallowable instrument for the purposes of section 42 of the Legislative Instruments Act 2003 (Subsection 13(6) and 13A (4) of the Currency Act 1965, Section 57 of the Legislative Instruments Act 2003).
Item 1
| 50c Coin
A design consisting of a representation of the Australian mainland formed by six ribbons and enclosing the inscription “50”; and repeated alternatively three times between the ribbon tails a representation of a child standing between two adults and a representation of two adults touching hands; and near the ribbons at the bottom left hand of the coin – a small designer’s mark consisting of a circle enclosing stylised initials “VG”; and outside the ribbon design the inscription “CELEBRATE WHAT’S GREAT” with a dot on either side; and the inscription “AUSTRALIA DAY” with a dot on either side. |
Item 2 | 50c Coin
A design consisting of a representation of the Australian mainland formed by six ribbons and enclosing the inscription “50”; and repeated alternatively three times between the ribbon tails a representation of a child standing between two adults and a representation of two adults touching hands; and near the ribbons at the bottom left hand of the coin – a small designer’s mark consisting of a circle enclosing stylised initials “VG”; and outside the ribbon design the inscription “CELEBRATE WHAT’S GREAT” with a dot on either side; and the inscription “AUSTRALIA DAY” with a dot on either side. The Australian mainland formed by six ribbons and the enclosed inscription “50” will be gold plated on this proof coin.
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Item 3 | $1 Coin
A design featuring effigies of the following monarchs, from left to right: Queen Elizabeth II; King George VI; King George V; and King Edward VII. Beneath the effigies and to the left is a small letter “C”, and beneath the effigies to the right is a small designer’s mark consisting of a circle enclosing the stylised initials “VG”. In the upper left quadrant of the rim are 4 seven-pointed stars, in the centre of the upper rim the inscription “ONE DOLLAR” and at the base the inscription “100 YEARS OF AUSTRALIAN COINAGE”.
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Item 4 | $1 Coin
A design featuring effigies of the following monarchs, from left to right: Queen Elizabeth II; King George VI; King George V; and King Edward VII. Beneath the effigies and to the left is a small letter “C”, and beneath the effigies to the right is a small designer’s mark consisting of a circle enclosing the stylised initials “VG”. In the upper left quadrant of the rim are 4 seven-pointed stars, in the centre of the upper rim the inscription “ONE DOLLAR” and at the base the inscription “100 YEARS OF AUSTRALIAN COINAGE”.
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Obverse
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse sides of the coins. The effigy, together with the year ‘2010’, will appear on the obverse side of the coins (items 1 - 4).
Public consultation
No public consultation was undertaken in relation to the currency determination for items 3 and 4 as they have limited public interest and the design of the coins is based on the commercial decisions of the Royal Australian Mint.
The coin designs in Items 1 and 2 were created in consultation with The National Australia Day Council.
The determination commences on the day after it is registered.