Download Explanatory Statement - Federal Register of Legislation

ATTACHMENT B
Explanatory Statement
Currency Act 1965
Currency (Royal Australian Mint) Determination 2008 (No.3)
Under subsection 13A (1) of the Currency Act 1965, the Minister for Superannuation and
Corporate Law has made a determination regarding the specification of coins proposed to be
issued by the Royal Australian Mint.
Subsection 13A (1) of the Currency Act 1965 requires that the determination provides details
of the coins characteristics including standard composition, standard weight, allowable
variation from standard weight, design and dimensions.
This determination is a disallowable instrument for the purposes of section 42 of the
Legislative Instruments Act 2003 (Subsection 13(6) and 13A (4) of the Currency Act 1965,
Section 57 of the Legislative Instruments Act 2003).
The determination commences on the day after it is registered.
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ATTACHMENT B
Explanatory Statement
Currency Act 1965
Currency (Royal Australian Mint) Determination 2008 (No.3)
Item 1
50c Coin
(2008 50c Uncirculated Coin - 25th Anniversary of the Australia II Victory)
The reverse design features a representation of the racing yacht Australia II, and also
a schematic view of the hull below the waterline.
The design also features the inscriptions ‘25th ANNIVERSARY AUSTRALIA II
VICTORY’, the number ‘50’ and the coin designers mark resembling ‘CG’.
Item 2
$1 Coin
(2008 $1 Uncirculated Coin – Inspirational Australians; Mary MacKillop)
The reverse design features a representation of Mary MacKillop standing behind
three children superimposed on a map of the world.
The design also features the inscriptions ‘1 DOLLAR’, Mary MacKillop 1842-1909,
‘INSPIRATIONAL AUSTRALIANS SERIES: EDUCATION’ and the coin
designer’s mark resembling ‘G’.
Item 3
$1 Coin
(2009 $1 Proof and Uncirculated coins; Parkes Radio Telescope - International
Year of Astronomy)
The reverse design of the coin features a representation of the Parkes Radio telescope
with a fence and two sheep in the forefront.
The design also features the inscriptions ‘INTERNATIONAL YEAR OF
ASTRONOMY 2009’, ‘ONE DOLLAR’ and the coin designer’s marks resembling
‘CG’.
Item 4
20c Coin
(2009 20c Proof and Uncirculated coins; Viewing the Sky – International Year of
Astronomy)
The reverse design of the coin features a representation of two people viewing the
sky through binoculars and one person viewing the sky through a telescope. The
centre of the coin is a representation of an old sky map displaying some of the
different zodiac signs underneath star tracking paths.
The design also features the inscriptions ‘INTERNATIONAL YEAR OF
ASTRONOMY’, the number ‘20’, and the coin designer’s mark resembling ‘CG’
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ATTACHMENT B
Explanatory Statement
Currency Act 1965
Currency (Royal Australian Mint) Determination 2008 (No.3)
Obverse
Consistent with all Australian legal tender coinage, the effigy of Her Majesty Queen
Elizabeth II by Ian Rank-Broadley, and either the year 2008 or 2009 will appear on the
obverse side of the coin.
The coins covered in the determination are part of the Mint’s annual collector coin program
and stakeholder consultation was undertaken to ensure appropriate themes and designs were
chosen for this program. However, no public consultation was undertaken in respect of the
actual specifications of this coin as they do not have a direct, or a substantially indirect, effect
on business, nor do they restrict competition.
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