Federal Register of Legislation - Australian Government

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Determinations/Currency as made
This instrument determines the characteristics of two new collector coins proposed to be issued by the Royal Australian Mint.
Administered by: Treasury
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 20
Registered 28 Feb 2019
Tabling HistoryDate
Tabled HR02-Apr-2019
Tabled Senate02-Apr-2019

 

Currency (Royal Australian Mint) Determination (No. 1) 2019

I, Zed Seselja, Assistant Minister for Treasury and Finance, make the following determination.

Dated               22 February     2019

 

Zed Seselja

Assistant Minister for Treasury and Finance
Parliamentary Secretary to the Treasurer

 

  

  

  


Contents

Part 1—Preliminary                                                                                                      1

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

Part 2—Specifications for collector coins                                                                    2

5  Specification of denomination and standard compositions....................................................... 2

6  Standard weight, design and dimensions of coins.................................................................... 2

Schedule 1—Standard composition, standard weight, design and dimensions of coins of specified denominations                                              3

Part 1—Specifications of coins                                                                                     3

1  Specifications........................................................................................................................... 3

Part 2—Explanation of symbols                                                                                  4

2  Symbols used in Part 1............................................................................................................. 4

 


Part 1Preliminary

  

1  Name

                   This instrument is the Currency (Royal Australian Mint) Determination (No. 1) 2019.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Currency Act 1965.

4  Definitions

                   In this instrument:

Act means the Currency Act 1965.

Part 2Specifications for coins

  

5  Specification of denomination and standard compositions

             (1)  This section is made for the purposes of paragraph 13(2)(b) of the Act.

             (2)  The Act has effect, on and after the day on which this instrument commences, as if:

                     (a)  there were included in the Schedule to the Act the references to denominations of money specified in Part 1 of Schedule 1 to this instrument; and

                     (b)  there were specified in the Schedule to the Act opposite to each such denomination, as the standard composition of coins of that denomination, the standard composition specified for the denomination in Part 1 of Schedule 1 to this instrument.

             (3)  This section does not affect any other provision of a determination made for the purposes of paragraph 13(2)(b) of the Act.

6  Standard weight, design and dimensions of coins

             (1)  This section is made for the purposes of subsection 13A(1) of the Act.

             (2)  On and after the day on which this instrument commences, each item of the table in Part 1 of Schedule 1 to this instrument specifies the standard weight, the allowable variation from that standard weight, the design and the dimensions of the coin whose denomination and standard composition are specified in that item.

             (3)  Each item of the table in Part 2 of Schedule 1 to this instrument explains a symbol used to describe the design of coins specified in Part 1 of Schedule 1.

             (4)  This section does not affect any other provision of a determination made for the purposes of subsection 13A(1) of the Act.

Schedule 1Standard composition, standard weight, design and dimensions of coins of specified denominations

Note:       See sections 5 and 6.

Part 1Specifications of coins

1  Specifications

                   Each item of the following table specifies the standard composition, the standard weight, the allowable variation from that standard weight, the design and the dimensions of a coin whose denomination and standard composition are specified in that item.

 

Specifications of coins

Item

Denomination

Standard composition

Standard weight and allowable variation (g)

Maximum diameter or other dimension (mm)

Maximum thickness (mm)

Shape

Edge

Obverse

Reverse

1

$1

At least 99.9% silver

31.103 + 3.00

40.60

4.00

S1

E1

O1

R1

2

$5

At least 99.9% silver

31.103 + 3.00

40.50

8.30

S4

E2

O2

R2

 

Part 2Explanation of symbols

2  Symbols used in Part 1

                   Each item of the following table contains an explanation of a symbol used in Division 1 of this Schedule to describe the shape, edge design, obverse design and reverse design of a coin.

 

Explanation of symbols used in Part 1

Item

Design feature

Symbol

Explanation

1

Shape

S1

Circular

2

Shape

S4

Circular concave

3

Edge

E1

Continuously milled

4

Edge

E2

Plain

5

Obverse

O1

A design consisting of an effigy of Queen Elizabeth II and the following:

(a) “ELIZABETH II”; and

(b) “AUSTRALIA”; and

(c) the inscription, in Arabic numerals, of a year; and

(d) “IRB”.

6

Obverse

O2

A design consisting of:

(a) at the bottom of the face of the coin, a circle enclosing the following:

(i) an effigy of Queen Elizabeth II; and

(ii) “IRB”; and

(iii) “ELIZABETH II”; and

(iv) “AUSTRALIA 2019”; and

(v) in the background and enclosed by a circle, a partially obscured representation of a transcript; and

(b) a representation of the moon; and

(c) a representation of the Parkes radio telescope positioned on a stylised representation of a part of the planet Earth; and

(d) the following:

(i) “FIVE DOLLARS”; and

(ii) “AWB”.

7

Reverse

R1

A design consisting of:

(a) a stylised representation of 5 kangaroos; and

(b) “1 DOLLAR”; and

(c) a representation of a mythical creature with the head of a lion and the body of a fish known officially as the Singaporean Merlion, enclosed by a square.

8

Reverse

R2

A design consisting of:

(a) a lunar landscape including a stylised representation of the surface of the moon, an astronaut, footprints and the Apollo 11 lunar capsule; and

(b) a curved stripe emanating from that capsule; and

(c) a coloured representation of the Earth positioned over a curved stripe; and

(d) the following:

(i) the words “50TH ANNIVERSARY OF THE LUNAR LANDING” superimposed on a curved stripe; and

(ii) “AWB”; and

(iii) “1 oz .999 Ag”.