Currency (Royal Australian Mint) Determination (No. 7) 2018

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Currency (Royal Australian Mint) Determination (No. 7) 2018

I, Zed Seselja, Assistant Minister for Treasury and Finance, make the following determination.

Dated 25 October  2018

Zed Seselja

Assistant Minister for Treasury and Finance

 

 

 

 

Contents

1 Name

2 Commencement

3 Authority

4 Definitions

5 Specification of denominations and standard compositions

6 Standard weight, design and dimensions of coins

Schedule 1—Standard composition, standard weight, design and dimensions of coins of specified denominations

Part 1—Specifications of coins

1 Specifications

Part 2—Explanation of symbols

2 Symbols used in Part 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1  Name

  This is the Currency (Royal Australian Mint) Determination (No. 7) 2018.

2  Commencement

This instrument commences on the day after it is registered.

3  Authority

  This instrument is made under paragraph 13(2)(b) and subsection 13A(1) of the Currency Act 1965.

4  Definitions

  In this instrument:

Act means the Currency Act 1965.

5  Specification of denominations and standard compositions

 (1) This section is made for the purposes of paragraph 13(2)(b) of the Act.

 (2) The Act has effect, on and after the day on which this instrument commences, as if:

 (a) there were included in the Schedule to the Act the references to denominations of money specified in Part 1 of Schedule 1 to this instrument; and

 (b) there were specified in the Schedule to the Act opposite to each such denomination, as the standard composition of coins of that denomination, the standard composition specified for the denomination in Part 1 of Schedule 1 to this instrument.

 (3) This section does not affect any other provision of a determination made for the purposes of paragraph 13(2)(b) of the Act.

6  Standard weight, design and dimensions of coins

 (1) This section is made for the purposes of subsection 13A(1) of the Act.

 (2) On and after the day on which this instrument commences, each item of the table in Part 1 of Schedule 1 to this instrument specifies the standard weight, the allowable variation from that standard weight, the design and the dimensions of the coin whose denomination and standard composition are specified in that item.

 (3) Each item of the table in Part 2 of Schedule 1 to this instrument explains a symbol used to describe the design of coins specified in Part 1 of Schedule 1.

 (4) This section does not affect any other provision of a determination made for the purposes of subsection 13A(1) of the Act.                           

Schedule 1—Standard composition, standard weight, design and dimensions of coins of specified denominations

Note: See sections 5 and 6.

Part 1—Specifications of coins

 

1  Specifications

  The item of the following table specifies the standard composition, the standard weight, the allowable variation from that standard weight, the design and the dimensions of a coin whose denomination and standard composition are specified in that item.

 

• Specifications of coins
• Item Denomination Standard composition Standard weight and allowable variation (g) Maximum diameter or other dimension (mm) Maximum thickness (mm) Shape Edge Obverse Reverse
• 1 $100 At least 99.99% gold 31.103 + 0.20 38.95 2.40 S1 E1 O1 R1

Part 2—Explanation of symbols

 

2  Symbols used in Part 1

  Each item of the following table contains an explanation of a symbol used in Part 1 of this Schedule to describe the shape, edge design, obverse design and reverse design of a coin.

 

• Explanation of symbols used in Part 1
• Item Design feature Symbol Explanation
• 1 Shape S1 Circular
• 2 Edge E1 Continuously milled
• 3 Obverse O1 A design consisting of an effigy of Queen Elizabeth II and the following:(a) ‘ELIZABETH II’;(b) ‘AUSTRALIA’;(c) the inscription, in Arabic numerals, of a year;(d) ‘. 100 DOLLARS .’;(e) ‘IRB’.
• 4 Reverse R1 A design consisting of:

1. a circular border enclosing a representation of a sunrise above a body of water; and

2. in the foreground, a representation of a bottlenose dolphin; and

3. the following:

4. ‘BOTTLENOSE DOLPHIN’;

5. ‘1 oz .9999’;

6. ‘FINE GOLD’.