What it does
This Determination, made by the then Minister for Financial Services and Regulation Joe Hockey under subsection 13A(1) of the Currency Act 1965, specifies the physical specifications for nine coins to be minted by the Perth Mint. It covers one $20 bi-metallic coin, one 25 cent silver coin, and seven $1 silver coins. The specifications include standard composition, standard weight plus allowable variation, diameter, thickness, shape, edge type, and detailed obverse and reverse designs. The coin descriptions are set out in a tabular format in Part 1 of Schedule 1, with symbolic coding for design features explained in Part 2. The Determination commenced on gazettal, dated 10 October 2000, and does not affect any other Determination of coin specifications. Mechanically, the instrument provides the mandatory reference against which the Perth Mint must produce these coins. It does not itself confer legal tender status; that is a function of the Currency Act, which deems coins issued under a current Ministerial determination to be legal tender. The Determination therefore serves as the administrative precondition for the lawful issue of the nine coin types. The $20 coin is bi-metallic: a 99.9% gold centre piece surrounded by a 99.9% silver outer ring, with a standard weight of 19.60 grams and a diameter of 32.00 mm. The 25 cent coin is struck from not less than 99.9% silver, weighs 8.749 grams, is seven-pointed star-shaped, and has a plain edge. The seven $1 coins are each struck from not less than 99.9% silver and are all identical in composition, weight (22.385 grams), diameter (40.50 mm), thickness (4.00 mm), shape (circular), and edge (continuously milled). Their differences lie solely in the reverse design: each features all state and territory coat-of-arms shields, but exactly one shield is pad printed in colour on each coin, creating a set of seven variations. The obverse of each $1 coin is a “holey dollar” design with a seven-pointed star-shaped hole in the centre and a small effigy of Queen Elizabeth II. The Determination thus primarily enables a commemorative coin series, likely for the centenary of Australian Federation, given the 1901 and 2001 inscriptions on the 25 cent coin and the depiction of new Parliament House. The inclusion of a “holey dollar” design references the early colonial currency and adds collectibility. The Determination imposes no ongoing regulatory obligations on the public but does fix the legal standard by which the authenticity of these exact coins must be judged.