EXPLANATORY STATEMENT
Issued by authority of the Assistant Minister for Competition, Charities and Treasury
Currency Act 1965
Currency (Australian Coins) Amendment (2022 Perth Mint No. 4) Determination 2022
Subsection 13(2) and section 13A of the Currency Act 1965 (the Act) provide that the Treasurer may, by legislative instrument, determine details of Australian coin characteristics including denomination, standard composition, standard weight, allowable variation from standard weight, design and dimensions.
The purpose of this legislative instrument is to determine the characteristics of 19 new non-circulating coins proposed to be issued by The Perth Mint.
The Treasurer may authorise the making and issuing of coins specified, or taken to be specified, in the Schedule to the Currency Act 1965. A payment of money is legal tender if it is made in coins that are made and issued under the Currency Act 1965. Through the issue of a currency determination, the Treasurer can add, remove and alter the coin characteristics specified, or taken to be specified, in the Schedule to the Currency Act 1965.
In accordance with section 19 of the Acts Interpretations Act 1901, any Minister in the Treasury portfolio may, by legislative instrument, determine details of Australian coin characteristics.
Details of the legislative instrument are set out in the Attachment.
The legislative instrument commenced on the day after it was registered on the Federal Register of Legislation.
The legislative instrument is subject to disallowance under section 42 of the Legislation Act 2003.
The Determination is a legislative instrument for the purposes of the Legislation Act 2003. The Determination is not subject to sunsetting under the Legislation Act 2003 on the grounds that the instrument ensures economic certainty (see Legislation (Exemptions and Other Matters) Regulation 2015). The instrument’s operation is integral in ensuring that the currency produced by the Mints becomes, and remains, legal tender unless or until returned to a mint to be taken out of circulation in accordance with the Currency Act 1965.
Consultation
The Perth Mint undertook 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 were 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 was 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 (Australian Coins) Amendment (2022 Perth Mint No. 4) Determination 2022
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 characteristics of 19 new non-circulating coins proposed to be issued 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.
ATTACHMENT
Details of the Currency (Australian Coins) Amendment (2022 Perth Mint No. 4) Determination 2022
Section 1 – Name of the Determination
This section provides that the name of the Determination is the Currency (Australian Coins) Amendment (2022 Perth Mint No. 4) Determination 2022.
Section 2 – Commencement
This section prescribes that the Determination commences the day after the Determination is registered.
Section 3 – Authority
This section provides that the Determination is made under the Currency Act 1965.
Section 4 – Schedule
This section provides that each instrument that is specified in the Schedule to this Determination will be amended or repealed as set out in this Schedule.
Schedule 1 – Amendments
Schedule 1 amends the Currency (Australian Coins) Determination 2019 by adding the details of new coin characteristics. The newly determined coin characteristics are set out below.
$1 2023 13.5g Base Metal ANZAC Day Coin
The design on the $1 2023 13.5g base metal ANZAC day coin consists of a circular border immediately inside the rim surrounding a stylised representation of a flame of remembrance that is partially obscuring a wreath of poppies. The design includes the following inscriptions: “25 APRIL”; “LEST WE FORGET”; “WR” (being the initials of the designer Wade Robinson); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, the inscription, in Arabic numerals, of a year, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$2,500 2023 10oz Gold Jewelled Snake Diamond Inset Coin
The design on the $2,500 2023 10oz gold jewelled snake diamond inset coin consists of stylised representations of branches with leaves and flowers (three of the flowers with inset diamonds) in the background. The branches are partially obscured by a stylised representation of a snake wrapped around another branch (also with leaves and flowers), as an attached piece, with inset diamonds. The design includes the following inscriptions: “THE JEWELLED SNAKE”; the Chinese language character (蛇) pronounced shé under the Pinyin system and meaning snake; “SR” (being the initials of the designer Sean Rogers); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, the inscription, in Arabic numerals, of a year, “Xoz 9999 Au” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals), and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$500 2023 5oz Gold Kangaroo Coin
$200 2023 2oz Gold Kangaroo High Relief Coin
$100 2023 1oz Gold Kangaroo High Relief Coin
The design on the 2023 gold kangaroo coins consists of a partial circle enclosing a representation of a kangaroo in the foreground, with a tree, grass trees and shrubs in the background. The design includes the following inscriptions: “KANGAROO”; “2023”; “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); “IJ” (being the initials of the designer Ing Ing Jong); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coins, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$1,000 2023 5oz Gold Kimberley Sunrise High Relief Diamond Inset Coin
The design on the $1,000 2023 5oz gold Kimberley sunrise high relief diamond inset coin consists of a landscape featuring grassy flatlands, boab trees, termite mounds, rock formations, and a diamond inset surrounded by stylised sunrays extending out to form a circle. The design includes the following inscriptions: “KIMBERLEY SUNRISE”; “2023”; “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); “TV” (being the initials of the designer Thomas Vaughan); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$60 2023 2kg Silver Koi Fish Antiqued Coin
The design on the $60 2023 2kg silver koi fish antiqued coin consists of, in the background, a stylised representation of stones in a pond. The stones are partially obscured by a stylised representation of three koi fish swimming amongst water lilies. The design includes the following inscriptions: “KOI”; “2023”; “X KILO 9999 SILVER” (where “X” is the nominal weight in kilograms of the coin, expressed as a whole number or a common fraction in Arabic numerals); “NM” (being the initials of the designer Natasha Muhl); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$2 2023 0.5g Gold Mini Roo Coin
The design on the $2 2023 0.5g gold mini roo coin consists of a partial circle enclosing a representation of a kangaroo in the foreground, with a tree, a grass tree and shrubs in the background. The design includes the following inscriptions: “KANGAROO”; “2023”; “Xg 9999 GOLD” (where “X” is the nominal weight in grams of the coin, expressed as a whole number or a common fraction in Arabic numerals); “IJ” (being the initials of the designer Ing Ing Jong); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$2 2023 2oz Silver Mother and Baby – Kangaroo Piedfort Coin
$10 2023 10oz Silver Mother and Baby – Kangaroo Piedfort Coin
The design on the 2023 silver mother and baby – kangaroo piedfort coins consists of, in the foreground, a representation of a kangaroo facing its joey. There are representations of plants, rocks and a small grassy escarpment in the background. In the background, there are also radial lines. The design includes the following inscriptions: “JM” (being the initials of the designer Jennifer McKenna); the letter “P”; and a microscopic “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coins and is superimposed over radial lines, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, the inscription, in Arabic numerals, of a year, “Xoz 9999 Ag” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals), and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$1 2023 1oz Silver Mythical Creatures – Dragon & Koi Coin
The design on the $1 2023 1oz silver mythical creatures – dragon & koi coin consists of, in the foreground, a representation of a dragon and a koi fish encircling a flaming pearl. In the background, there is a stylised representation of a bridge over a river, a grassy riverbank and rocks. The design includes the following inscriptions: “WR” (being the initials of the designer Wade Robinson); the letter “P”; and a microscopic “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, the inscription, in Arabic numerals, of a year, “Xoz 9999 Ag” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals), and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$100 2023 1oz Platinum Phoenix Coin
The design on the $100 2023 1oz platinum phoenix coin consists of, in the background, stylised clouds. In the foreground, partially obscuring the clouds is a representation of a phoenix in flight, with a flower in its beak. The design includes the following inscriptions: “LB” (being the initials of the designer Lucas Bowers); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, the inscription, in Arabic numerals, of a year, “Xoz 9995 Pt” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals), and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$100 2023 1oz Gold Swan Coin
$1 2023 1oz Silver Swan Coin
$1 2023 1oz Silver Swan Coloured Coin
The design on the 2023 1oz swan coins consists a circular border in the foreground, enclosing a representation of a swan on the surface of stylised water in the background. On the coloured coin, the representation of the swan on the surface of stylised water is coloured. The design includes the following inscriptions: “THE XOZ 9999 AUSTRALIAN” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals); “GOLD SWAN” or “SILVER SWAN” as the case requires; “AH” (being the initials of the designer Aleysha Howarth); the letter “P”; and a microscopic “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coins together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, the inscription, in Arabic numerals, of a year, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$1 2023 1oz Silver Wombat Coloured Coin
$1 2023 1oz Silver Wombat Coin
The design on the $1 2023 1oz silver wombat coins consists of a circular border immediately inside the rim, partially obscured by representations of flowers and foliage. Amongst the flowers and foliage is a representation of a wombat sleeping in the dirt with a small bird on its back. The representation of the wombat sleeping in the dirt with a small bird is coloured on the coloured coin. The design includes the following inscriptions: “WOMBAT”; “2023”; “Xoz 9999 SILVER” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals); “JM” (being the initials of the designer Jennifer McKenna); the letter “P”; and a microscopic “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coins, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$1 2023 1oz Silver Kookaburra with Helmeted Honey Eater Privy Coloured Coin
The design on the $1 2023 1oz silver kookaburra coin consists of a partial circle enclosing a representation of two kookaburras perched on separate tree branches, surrounded by waratah flowers. There is a coloured representation of a helmeted honeyeater enclosed in an oval. The design includes the following inscriptions: “KOOKABURRA”; “Xoz 9999 SILVER” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals); “2023”; “WR” (being the initials of the designer Wade Robinson); the letter “P” and a microscopic “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.
$2 2023 2oz Silver Ningaloo Total Solar Eclipse Antiqued Coloured Coin
The design on the $2 2023 2oz silver Ningaloo total solar eclipse antiqued coloured coin consists of at the bottom of the coin and in the foreground, a representation of a coloured whale shark swimming in the ocean amongst coloured coral. There is a stylised representation of waves above the ocean. A representation of a cloudy sky and a coloured solar eclipse is at the top of the coin and in the background. The design includes the following inscriptions: “SR” (being the initials of the designer Sean Rogers); and the letter “P”.
Consistent with all Australian legal tender coinage, an effigy of Her Majesty Queen Elizabeth II will appear on the obverse side of the coin, together with the inscriptions “ELIZABETH II”, “AUSTRALIA”, the inscription, in Arabic numerals, of a year, Arabic numerals for the amount, in dollars or cents, of the denomination of the coin followed by “DOLLAR”, “DOLLARS” or “CENTS” as the case requires, “Xoz 9999 Ag” (where “X” is the nominal weight in ounces of the coin, expressed as a whole number or a common fraction in Arabic numerals), and “1952-2022” (being the dates of her Majesty Queen Elizabeth II’s reign). The obverse design includes the initials of the designer Jody Clark “JC”.