Commonwealth legislation

Currency (Perth Mint) Determination 2011 (No. 2)

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Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

8/10 complexity

**What this instrument does (mechanically)

This Determination, made under subsection 13A(1) of the Currency Act 1965 (the Act), sets the technical specifications for a large set of Perth Mint coins. Specifically, each item in Schedule 1 lists, for a named denomination and metal composition, the coin’s:
- standard weight and the allowable variation (tolerance);
- maximum diameter and maximum thickness (dimensions);
- shape and edge type; and
- obverse and reverse design (by short design codes). (See clause 4 which links Schedule 1 to s 13A(1) of the Act.)
Part 2 of Schedule 1 decodes the design symbols used in Part 1: it explains the meaning of the shape codes (S1, S2), edge codes (E1, E2), obverse codes (O1, O2, …) and reverse codes (R1, R2, …), and it reproduces the text that must appear on each face (for example inscriptions, effigy and mint marks).
The Determination commences the day after registration (clause 2) and does not amend or repeal other existing determinations about coin specifications (clause 4(2)).

Who is affected

The Perth Mint (manufacturer) — it must make coins to these legal specifications.
Coin designers and the Mint’s production/quality teams — they must meet the precise weights, tolerances, dimensions and finish requirements (proof, bullion, colour, gilding, gemstone set, etc.).
Distributors, dealers, refiners and assayers — they use the specifications to verify authenticity and purity, and to grade or value coins.

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Current sections

Direct links to the current provisions in Currency (Perth Mint) Determination 2011 (No. 2).

Name of Determination

1 Name of Determination

This Determination is the Currency (Perth Mint) Determination 2011 (No. 2).

Commencement

2 Commencement

This Determination commences on the day after it is registered.

Definition

3 Definition

In this Determination:

Act means the Currency Act 1965.

Standard weight, allowable variation, dimensions and design

4 Standard weight, allowable variation, dimensions and design

(1) For subsection 13A(1) of the Act, on and after the day on which this Determination commences, each item in 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): (a) the coin’s standard weight; and (b) the allowable variation from that standard weight; and (c) the coin’s dimensions; and (d) the coin’s design. (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.

Design—explanation of symbols

5 Design—explanation of symbols

Each 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.

More sections below

Source text: opening excerpt

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.