{"id":"F2010L02431","name":"Currency (Perth Mint) Determination 2010 (No. 2)","slug":"currency-perth-mint-determination-2010-no-2","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":84362,"registerId":"commonwealth-F2010L02431-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Currency (Perth Mint) Determination 2010 (No. 2)","content":"![](image.001.png)\n\nCurrency (Perth Mint) Determination 2010 (No. 2)1\n\nCurrency Act 1965\n\nI, NICK SHERRY, Assistant Treasurer, make this Determination under paragraph 13 (2) (b) and section 13A of the Currency Act 1965.\n\nDated 31 August 2010\n\nNICK SHERRY\n\nAssistant Treasurer\n\n1 Name of Determination\n\nThis Determination is the Currency (Perth Mint) Determination 2010 (No. 2).\n\n2 Commencement\n\nThis Determination commences on the day after it is registered.\n\n3 Definition\n\nIn this Determination:\n\n> Act means the Currency Act 1965.\n\n4 Specification of denomination and standard composition\n\nFor paragraph 13 (2) (b) of the Act, the Act has effect, on and after the day on which this Determination commences, as if:\n\n(a) there were included in the Schedule to the Act, a reference to the denomination ‘60c’; and\n\n(b) there were specified in the Schedule to the Act, opposite to that denomination, as the standard composition of a coin of that denomination ‘At least 99.9% silver’.\n\n5 Specification of standard weight, variation, design and dimension\n\n(1) For subsection 13A (1) of the Act, on and after the day on which this Determination commences, each item in Part 1 of Schedule 1 specifies, for a coin having the denomination and standard composition mentioned in the item (being a coin whose denomination is specified, or taken to be specified, in the Schedule to the Act):\n\n(a) the coin’s standard weight; and\n\n(b) the allowable variation from that standard weight; and\n\n(c) the coin’s dimensions; and\n\n(d) the coin’s design.\n\n(2) Subsection (1) does not affect any other determination of the standard weight and allowable variation, dimensions or design of a coin, made under subsection 13A (1) of the Act.\n\n6 Design – explanation of symbols\n\nEach item in the table in Part 2 of Schedule 1 explains a symbol used to describe the design of coins in Part 1 of Schedule 1.\n\nSchedule 1\n\n(sections 5 and 6)\n\nPart 1 Specifications of coin\n\n```html\n

Item

Denomination

Standard composition

Standard weight and allowable variation (g)

Dimensions

Design

Maximum diameter (mm)

Maximum thickness (mm)

Shape

Edge

Obverse

Reverse

1

60c

At least 99.9% silver

16.073 ± 0.500

26.60 x 37.60 (dimensions of rectangle)

2.00

S1

E1

O1

R1

\n```\n\nPart 2 Design of coin — explanation of symbols\n\n| Item | Design Feature | Symbol | Explanation |\n| ---- | -------------- | ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Shape | S1 | Rectangular |\n| 1 | Edge | E1 | Serrated |\n| 1 | Obverse | O1 | A design consisting of an effigy of Queen Elizabeth II and the following:(a) ‘IRB’;(b) ‘ELIZABETH II’;(c) ‘AUSTRALIA 2010’;(d) ‘1/2oz 999 SILVER’. |\n| 1 | Reverse | R1 | A design, in colour proof finish, consisting of:(a) a representation of Mary MacKillop against a background of horizontal lines; and(b) a representation of Mary MacKillop’s signature; and(c) the following:(i) ‘1842-1909’;(ii) ‘60c’;(iii) ‘AUSTRALIA’;(iv) ‘P’. |\n\nNote\n\n1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose: authorising a specific commemorative coin issue. It does not expand beyond the technical specifications and design approval required under the Currency Act 1965."},"complexity_factors":["Single defined term ('Act') in interpretation section","Straightforward operative provisions with minimal conditional language","No cross-references to other legislation beyond the parent Currency Act 1965","Technical specifications confined to a single table with clear symbolic references","No exceptions, exemptions, or nested provisos","Short length (6 sections plus schedule)"],"plain_english_summary":"This instrument authorises the Perth Mint to strike a limited-edition 60‑cent silver commemorative coin celebrating Australia’s first saint, Mary MacKillop. It fixes the coin’s key features (high‑purity silver, roughly 16 g and rectangular dimensions) and its design (Queen Elizabeth II on the obverse; a coloured Mary MacKillop image, signature and dates on the reverse). It affects collectors and purchasers and is needed to satisfy the Currency Act’s ministerial approval requirements for new coin specifications."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The Determination stays within the Currency Act's existing function — specifying Perth Mint coin denominations and their technical standards. It does not broaden the legislative scope beyond authorising a specific new coin and prescribing its composition, weight tolerances, dimensions and design."},"complexity_factors":["Very short instrument (6 substantive sections + Schedule 1)","One defined term in the Determination ('Act')","Single new denomination item in Schedule 1 (one row of technical specifications)","Simple cross-references only to paragraph 13(2)(b) and section 13A of the Currency Act 1965","Part 2 provides a small symbol-key (S1, E1, O1, R1) to explain design shorthand"],"plain_english_summary":"**What this instrument does (mechanical change)\n\n- Adds a new Perth Mint coin denomination — 60 cents — to the Schedule of the Currency Act 1965 (see section 4). That means the Act will treat a 60c Perth Mint coin as a listed Perth Mint denomination for the purposes of the Currency Act.\n\n- Sets the coin's metal content and technical specifications (see sections 4–6 and Schedule 1):\n - Composition: at least 99.9% silver. (Schedule 1, Part 1.)\n - Standard weight: 16.073 grams with an allowable variation of ±0.500 g. (Schedule 1, Part 1.)\n - Shape and size: rectangular, 26.60 mm × 37.60 mm (given as \"dimensions of rectangle\"). Maximum thickness 2.00 mm. (Schedule 1, Part 1 and Part 2 (S1).)\n - Edge: serrated (Part 2, E1).\n - Obverse (front) design: an effigy of Queen Elizabeth II and the inscriptions ‘IRB’, ‘ELIZABETH II’, ‘AUSTRALIA 2010’ and ‘1/2oz 999 SILVER’. (Part 2, O1.)\n - Reverse (back) design: a colour-proof image of Mary MacKillop with her signature and the inscriptions ‘1842-1909’, ‘60c’, ‘AUSTRALIA’ and the mintmark ‘P’. (Part 2, R1.)\n\n- Confirms that each item in Part 1 specifies the coin’s standard weight, allowable weight variation, dimensions and design for the denomination listed. (Section 5.)\n\nWho makes the decision and who is affected\n\n- The Assistant Treasurer made the Determination under paragraph 13(2)(b) and section 13A of the Currency Act 1965 (instrument header and signature block). The legal power in the Act lets the Minister/Assistant Treasurer specify Perth Mint denominations and technical standards; this instrument exercises that power to add and specify a 60c coin.\n\n- Directly affected parties: the Perth Mint (which mints and issues Perth Mint currency coins), collectors and purchasers of Perth Mint coins, and any downstream handlers (distributors, retailers, valuers) who must recognise or account for the specified composition and dimensions.\n\nWhy it matters (stated purpose and practical effects)\n\n- Officially: the Determination authorises a new collectible/bullion-style Perth Mint coin denomination and fixes its legal technical characteristics so the Perth Mint can lawfully issue coins that conform to the Currency Act.\n\n- Practically: it sets the manufacturing tolerances and the precise appearance of the coin. That governs the mint’s production, quality control, labelling, and the information available to buyers and secondary-market traders.\n\nCosts, incentives, trade-offs and implementation considerations (mechanical test of the stated purpose)\n\n- Who pays: the Perth Mint meets minting and production costs; purchasers (collectors/investors) pay market price for the coins. The instrument does not set sale price or seigniorage; it only fixes denomination and physical standards (sections 4–6, Schedule 1).\n\n- Incentives and market effects: listing the denomination enables the Perth Mint to issue another legal-designated coin, which competes for buyer funds with other bullion/collector products. That shifts manufacturing and marketing decisions to the Perth Mint within the bounds of the specified design and tolerances.\n\n- Compliance burden and administrative discretion: the Perth Mint must produce coins within the specified weight tolerance, dimensions and design. Section 5 preserves other existing determinations about weight/variation/dimensions/design, so this instrument coexists with earlier technical rules.\n\n- Implementation risk / potential confusion: the obverse inscriptions include ‘1/2oz 999 SILVER’ while the specified standard weight is 16.073 g. By reference, half a troy ounce is approximately 15.55 g. That numeric difference may create a perception or labelling issue for buyers or valuers unless explained in marketing/technical material.\n\n- Opportunity costs and substitution: the Determination does not prohibit private bullion products, but it authorises a government-minted, officially-specified silver coin. Collectors/investors choosing this coin divert demand away from other silver products; the instrument does not change taxation, sale pricing, or tender-acceptance rules directly.\n\nConcise bottom line\n\n- This Determination legally authorises a Perth Mint 60c coin and prescribes its metal content, weight tolerance, rectangular dimensions, serrated edge and the specified obverse/reverse designs (see Schedule 1). It is a focused technical prescription: it does not set price or broader monetary policy but it does fix the legal and manufacturing parameters the Perth Mint must meet when issuing that coin."},"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"}},"importantCases":[],"_links":{"self":"/api/acts/currency-perth-mint-determination-2010-no-2","history":"/api/acts/currency-perth-mint-determination-2010-no-2/history","analysis":"/api/acts/currency-perth-mint-determination-2010-no-2/analysis","conflicts":"/api/acts/currency-perth-mint-determination-2010-no-2/conflicts","importantCases":"/api/acts/currency-perth-mint-determination-2010-no-2/important-cases","documents":"/api/acts/currency-perth-mint-determination-2010-no-2/documents"}}