{"id":"F2008B00088","name":"Currency Determination No. 7 of 1992","slug":"currency-determination-no-7-of-1992","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":72343,"registerId":"commonwealth-F2008B00088-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Currency Determination No. 7 of 1992","content":"Commonwealth of Australia\n\nCurrency Act 1965\n\nCurrency Determination No. 7 of 1992\n\nI, ROBERT MCMULLAN, Parliamentary Secretary to the Treasurer, make the following Determination under the Currency Act 1965.\n\nDated 17 July 1992.\n\n![](image.001.png)\n\nParliamentary Secretary to the Treasurer\n\nfor and on behalf of the Treasurer\n\n![](image.002.png)Citation\n\n    1. This Determination may be cited as Currency Determination No. 7 of 1992.\n\n\\[NOTE: This Determination commences on gazettal: see Acts Interpretation Act 1901, SS.46A and 48.\\]\n\nInterpretation\n\n    2. In this Determination:\n\n\"$250 coin\" means:\n\n(a) a Princess Margaret coin; or\n\n(b) a Princess of Wales coin; or\n\n(c) a Princess Royal coin; or\n\n(d) a Queen Mother coin;\n\n\"Act\" means the Currency Act 1965;\n\n\"Princess Margaret coin\" means a coin:\n\n(a) of the denomination of $250; and\n\n(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and\n\n(c) the design of which is set out in clause 7 of this Determination;\n\n\"Princess of Wales coin\" means a coin:\n\n(a) of the denomination of $250; and\n\n(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and\n\n(c) the design of which is set out in clause 8 of this Determination;\n\n\"Princess Royal coin\" means a coin:\n\n(a) of the denomination of $250; and\n\n(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and\n\n(c) the design of which is set out in clause 9 of this Determination;\n\n\"Queen Mother coin\" means a coin:\n\n(a) of the denomination of $250; and\n\n(b) the specifications of which are set out in clauses 3 to 6 (inclusive) of this Determination; and\n\n(c) the design of which is set out in clause 10 of this Determination.\n\nSchedule to the Act\n\n3. The Act has effect, on and after 19 July 1992, as if:\n\n(a) there were specified in the Schedule to the Act a reference to a denomination of \"Two hundred and fifty dollars\"; and\n\n(b) there were specified in that Schedule, opposite to that denomination, as the standard composition of coins of that denomination, the expression \"11/12 gold and 1/12 other metal\".\n\nShape and edge of $250 coin\n\n4. (1) The shape of a $250 coin is circular.\n\n(2) The edge of the coin is milled\n\nComposition of $250 coin\n\n5. The composition of a $250 coin is 11/12 gold and 1/12 other metal.\n\nWeight and dimensions of $250 coin\n\n6. (1) The standard weight of a $250 coin is 16.95 grams.\n\n(2) A variation of 0.20 grams from the standard weight is allowable.\n\n(3) The diameter of a $250 coin is 28.12 millimetres.\n\n(4) The thickness of a $250 coin is 2.10 millimetres.\n\nDesign of the Princess Margaret coin\n\n7. (1) The obverse of the Princess Margaret coin bears an effigy of the Queen and the inscriptions \"ELIZABETH II\" and \"AUSTRALIA 1992\".\n\n(2) The reverse of the coin bears:\n\n(a) an effigy of Her Royal Highness The Princess Margaret, surrounded by a circle of crowns; and\n\n(b) the inscriptions \"ELIZABETH II 40TH ANNIVERSARY\" and \"250 DOLLARS\".\n\nDesign of the Princess of Wales coin\n\n8. (1) The obverse of the Princess of Wales coin bears an effigy of the Queen and the inscriptions \"ELIZABETH II\" and \"AUSTRALIA 1992\".\n\n(2) The reverse of the coin bears:\n\n(a) an effigy of Her Royal Highness the Princess of Wales, surrounded by a circle of crowns; and\n\n(b) the inscriptions \"ELIZABETH II 40TH ANNIVERSARY\" and \"250 DOLLARS\".\n\nDesign of the Princess Royal coin\n\n9. (1) The obverse of the Princess Royal coin bears an effigy of the Queen and the inscriptions \"ELIZABETH II\" and \"AUSTRALIA 1992\".\n\n(2) The reverse of the coin bears:\n\n(a) an effigy of Her Royal Highness the Princess Royal, surrounded by a circle of crowns; and\n\n(b) the inscriptions \"ELIZABETH II 40TH ANNIVERSARY\" and \"250 DOLLARS\".\n\nDesign of the Queen Mother coin\n\n10. (1) The obverse of the Queen Mother coin bears an effigy of the Queen and the inscriptions \"ELIZABETH II\" and \"AUSTRALIA 1992\".\n\n(2) The reverse of the coin bears:\n\n(a) an effigy of Her Majesty Queen Elizabeth, the Queen Mother, surrounded by a circle of crowns; and\n\n(b) the inscriptions \"ELIZABETH II 40TH ANNIVERSARY\" and \"250 DOLLARS\".\n\nIssue price of $250 coin\n\n11. For the purposes of subsection 14A (1) of the Act, the issue price of a $250 coin is $2,300.\n\n9216209","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This determination serves its original narrow purpose precisely: authorising specific commemorative coins for a specific anniversary. There is no scope creep — it does exactly what it says on the tin."},"complexity_factors":["Short, single-purpose instrument (11 operative clauses plus definitions)","Minimal cross-referencing (only references to Currency Act 1965 and its Schedule)","Straightforward definitional structure with 6 defined terms, mostly repetitive (four coin types share identical specifications)","No conditional logic, exceptions, or nested provisions","Highly prescriptive but simple technical specifications (weight, dimensions, composition)","Clear linear structure: citation → interpretation → specifications → designs → price"],"plain_english_summary":"This law authorises four special commemorative gold coins, issued in 1992 for Queen Elizabeth II’s 40th anniversary and honouring four royal women. Each coin is gold and legal tender with a $250 face value, but sold by the government at about $2,300 to reflect bullion value. It primarily affects coin collectors and precious‑metal investors, who should treat the pieces as bullion collectibles rather than circulating currency."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":true,"description":"This instrument expands the Act’s scope by introducing a new denomination—$250—into the Schedule and prescribing its composition, dimensions, design variants and a set issue price. Mechanically, it increases the range of legally specified coin denominations and creates high‑value, design‑specified coins subject to the Act’s minting and issue rules."},"complexity_factors":["Adds a single new denomination but with detailed physical and design specifications (composition, weight, diameter, thickness, edge).","Multiple defined coin types (four named coins) that share technical specs but have distinct reverse designs and inscriptions.","Precise manufacturing tolerance (0.20 g) requiring quality control and assay capability.","Amendment to the Schedule of the Currency Act and cross-reference to issue-price provision (subsection 14A(1)).","Clear, prescriptive text with limited discretion reduces interpretive complexity but increases operational compliance detail.","Commencement on gazettal and explicit issue price create immediate legal and market effects once published."],"plain_english_summary":"This Determination adds a new legal tender denomination of $250 to the Currency Act 1965 and sets its full legal specifications: composition (11/12 gold, 1/12 other metal), shape, edge, weight and allowable tolerance, dimensions, four named designs (each with prescribed obverse and reverse inscriptions) and an issue price of $2,300. It takes effect on gazettal. \n\nIt affects the Mint/Treasury (who issue and certify coins), buyers/collectors (who pay a large premium above face value), and manufacturers (who must meet precise physical and design requirements)."}},"importantCases":[],"_links":{"self":"/api/acts/currency-determination-no-7-of-1992","history":"/api/acts/currency-determination-no-7-of-1992/history","analysis":"/api/acts/currency-determination-no-7-of-1992/analysis","conflicts":"/api/acts/currency-determination-no-7-of-1992/conflicts","importantCases":"/api/acts/currency-determination-no-7-of-1992/important-cases","documents":"/api/acts/currency-determination-no-7-of-1992/documents"}}