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Currency (Perth Mint) Determination (No. 4) 2018

Authoritative Version
Determinations/Currency as made
This instrument determines the weight, dimension and composition of 15 new coins to be released by the Perth Mint.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 20
Made 12 Jun 2018
Registered 18 Jun 2018
Tabled HR 19 Jun 2018
Tabled Senate 20 Jun 2018

EXPLANATORY STATEMENT

Issued by authority of the Assistant Minister to the Treasurer

Currency Act 1965

Currency (Perth Mint) Determination (No. 4) 2018

 

Under subsection 13A(1) of the Currency Act 1965, the Assistant Minister to the Treasurer has made a determination regarding the specifications of coins proposed to be issued by The Perth Mint.

Subsection 13A(1) of the Currency Act 1965 requires that the determination provide details of coin characteristics including standard composition, standard weight, allowable variation from standard weight, design and dimensions.

A determination made by the Assistant Minister to the Treasurer is a disallowable instrument for the purposes of section 42 of the Legislation Act 2003.

 

2019 Australian Kangaroo – Gold Bullion Coin

The design on the 2019 Australian Kangaroo (1kg) gold bullion coin, consists of a pattern of dots forming a border immediately inside the rim, enclosing a representation of a bounding kangaroo, surrounded by stylised sunrays. The coin includes the following inscriptions “· AUSTRALIAN KANGAROO 1 KILO 9999 GOLD”, “2019·” and “RED KANGAROO”.

 

2019 Australian Kangaroo – Gold Bullion Coins

The design on the 2019 Australian Kangaroo (1oz, 1/2oz, 1/4oz, 1/10oz) gold bullion coins, consists of a circular border and in the foreground, partially obscuring the border is a representation of a kangaroo atop a grassy mound with stylised trees and sun in the background. The coins include the following inscriptions “AUSTRALIAN KANGAROO”, “2019 Xoz 9999 GOLD” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals) and the initials of the designer Aleysha Howarth “AH”.

 

2019 Australian Kangaroo – Silver Investor Coin

The design on the 2019 Australian Kangaroo (1oz) silver bullion coin, consists of a pattern of wavy lines immediately inside the rim, enclosing a representation of a bounding kangaroo that is surrounded by stylised sunrays and radial lines. The coin includes the following inscriptions “AUSTRALIAN KANGAROO” and “2019 1oz 9999 SILVER”.

 

2019 Australian Kangaroo – Platinum Bullion Coin

The design on the 2019 Australian Kangaroo (1oz) platinum bullion coin, consists of a pattern of wavy lines immediately inside the rim that surrounds a representation of a bounding kangaroo that is surrounded by stylised sunrays. The coin includes the following inscriptions “AUSTRALIAN KANGAROO” and “2019 1oz 9995 PLATINUM”.

2019 Australian Kookaburra – Silver Bullion Coins

The design on the 2019 Australian Kookaburra (1kg, 10oz, 1oz) silver bullion coins consists of a circular border and in the foreground, partially obscuring the border is a representation of a kookaburra perched on a branch partially submerged in a body of water and stylised sunset, grass and a tree in the background. The coins include the following inscriptions “AUSTRALIAN KOOKABURRA”, “2019 1KG 9999 SILVER” or “2019 Xoz 9999 SILVER” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number in Arabic numerals) and the initials of the designer Aleysha Howarth “AH”.

 

2019 Australian Koala – Silver Bullion Coins

The design on the 2019 Australian Koala (1kg, 1oz) silver bullion coins, consists of a circular border surrounding a representation of a koala perched on a branch with leaves in the background. The coins include the following inscriptions “AUSTRALIAN KOALA”, “2019 1KG 9999 SILVER” or “2019 1oz 9999 SILVER” and the initials of the designer Ing Ing Jong “IJ”.

 

2019 Australian Happy Birthday – Aluminium Bronze Collector Coin

The design on the 2019 Australian Happy Birthday (13.5g) aluminium bronze coin, consists of stylised streamers and musical notes superimposed over coloured representations of gifts with bows, an iced cupcake with a cherry on top, party hat and blowers. The coin includes the following inscriptions “Happy Birthday” and the initials of the designer Jennifer McKenna “JM”.

 

2019 Australian Citizenship – Aluminium Bronze Collector Coin

The design on the 2019 Australian Citizenship (13.5g) aluminium bronze coin, consists of a pattern of shapes forming a circle immediately inside the rim, surrounding a representation of the Commonwealth Coat of Arms. The coin includes the inscription “AUSTRALIAN” and “CITIZENSHIP”.

 

2019 Australian Citizenship 70th Anniversary – Aluminium Bronze Collector Coin

The design on the 2019 Australian Citizenship 70th Anniversary (13.5g) aluminium bronze coin, consists of a circular border surrounding a representation of the golden wattle. The coin includes the inscription “CELEBRATING”, “70 YEARS OF AUSTRALIAN CITIZENSHIP” and “70”.

 

 

 

 

 

 

 

PUBLIC CONSULTATION

The Perth Mint has undertaken consultation among its network of Australian and international wholesale distributors. Authorised Australian distributors of The Perth Mint products are consulted regularly during business meetings and participation at the Australian Numismatic Dealers’ Association Coin, Banknote and Stamp shows.  Likewise, international distributors are consulted during a schedule of individual meetings hosted during the World Money Fair held in Berlin and the American Numismatic Association’s World’s Fair of Money.

Limited consultation is conducted with external parties due to the confidentiality of coin themes and artwork, due to the risk of competitors viewing the innovations and potentially releasing similar coins into the market prior to the release.

Members of the public have the opportunity to contact The Perth Mint to present any themes they would like to see commemorated on Australian legal tender. These concepts are then researched and presented to The Perth Mint’s sales and marketing department for consideration and feedback.

 

STATEMENT OF COMPATIBILITY WITH HUMAN RIGHTS

Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011

 

Currency (Perth Mint) Determination (No. 4) 2018

This Legislative Instrument is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.

Overview of the Legislative Instrument

The purpose of this Legislative Instrument is to determine the weight, denomination, design, dimensions and composition of 15 new numismatic coins to be released by The Perth Mint. 

Human rights implications

This Legislative Instrument does not engage any of the applicable rights or freedoms.

Conclusion

This Legislative Instrument is compatible with human rights as it does not raise any human rights issues.