What it does
This Determination, titled the Currency (Perth Mint) Determination 2004 (No. 2), makes technical specifications for a catalogue of coins to be issued under the Currency Act 1965. It is made by the Parliamentary Secretary to the Treasurer, Ross Cameron, under paragraph 13(2)(b) and subsection 13A(1) of the Currency Act 1965 (preamble). The instrument:
- gives the Determination its name (s 1);
- fixes commencement to the date of Gazette notification (s 2);
- declares that, for the purposes of subsection 13A(1) of the Currency Act, each item in Schedule 1 specifies denomination, standard composition, standard weight and allowable variation, dimensions, shape, edge, and obverse and reverse designs (s 3 and Schedule 1); and
- records that the specifications in Schedule 1 do not affect any other determination of the specifications of a coin (s 4).
Practically, Schedule 1 is the operative portion. It lists 66 distinct items (labelled Item 1 through Item 66) and further numbered items beyond that block which together specify multiple series of coins in gold, platinum, silver and aluminium bronze with face values expressed in Australian dollars or cents. The entries specify precise bullion fineness (for example at least 99.99% gold in many gold items; at least 99.95% platinum for platinum items; at least 99.9% silver for silver items), exact weights with allowable tolerances (for example Item 5: 31.162 g ± 0.055 g for a $100 1 oz gold coin), maximum diameters and thicknesses, shapes (some circular, one square with rounded corners), edge treatment (continuously milled), and detailed obverse and reverse inscriptions and pictorial elements (including coloured backgrounds, gilding and lenticular features).
Mechanically, the Determination performs a single administrative function: it registers the technical specifications that govern the physical and visual character of Perth Mint coins issued under the stated statutory authority. The instrument does not itself set penalties, commercial terms, issue volumes, or sales mechanisms; it records the physical and design standards that coins issued under subsection 13A(1) should meet (s 3, Schedule 1). Section 4 expressly preserves other determinations, so this instrument sits alongside any prior or subsequent determinations rather than replacing them.