Statutory  Rules  1991   No. 3501

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Currency Regulations 2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Currency Act 1965.

 Dated 20 November 1991.

                  BILL HAYDEN

  Governor-General

 By His Excellency’s Command,

R.F.McMULLAN

Parliamentary Secretary to the Treasurer
for and on behalf of the Treasurer

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1.   Commencement

1.1   These Regulations commence on 21 November 1991.

2.   Amendment

2.1   The Currency Regulations are amended as set out in these Regulations.

3.   Regulation 4 (Designs of coins)

3.1   Subparagraph 4 (b) (ii):

After “other than”, insert “a coin referred to in subparagraph (d) (viiiBCAA) or”.

3.2   Subparagraph 4 (b) (iii):

After “$2”, insert “other than a coin referred to in subparagraph (d) (viiiBDAA)”.

3.3   After subparagraph 4 (b) (iii), insert:

 “(iiiAA) in the case of a coin of the denomination of $2, being a coin referred to in subparagraph (d) (viiiBDAA)—4 coarse milled segments each approximately 10.25 millimetres in length separated by 4 plain segments each approximately 29 millimetres in length; and”.

3.4   Subparagraph 4 (b) (iiiA):

After “silver”, insert “other than a coin referred to in subparagraph (d) (viiiEG)”.

3.5   After subparagraph 4 (b) (iiiA), insert:

 “(iiiAB) in the case of a coin of the denomination of $10, being a coin referred to in subparagraph (d) (viiiEG)—4 coarse milled segments each approximately 15.40 millimetres in length separated by 4 plain segments each approximately 43 millimetres in length; and

 (iiiAC) in the case of a coin of the denomination of $30—4 coarse milled segments each approximately 20.50 millimetres in length separated by 4 plain segments each approximately 58 millimetres in length; and”.

3.6   After subparagraph 4 (c) (iAA), insert:

 “(iAAA) in the case of a coin of the denomination of $1, being a coin referred to in subparagraph (d) (viiiBCAA)—an effigy of the Queen and the inscriptions ‘QUEEN ELIZABETH II

  AUSTRALIA’ and ‘1 DOLLAR’, all encircled by raised beads inside the rim of the coin;”.

3.7   After subparagraph 4 (c) (iAB), insert:

 “(iABA) in the case of a coin of the denomination of $2, being a coin referred to in subparagraph (d) (viiiBDAA)—an effigy of the Queen and the inscriptions ‘QUEEN ELIZABETH II AUSTRALIA’ and ‘2 DOLLARS’, all encircled by raised beads inside the rim of the coin;”.

3.8   Subparagraph 4 (c) (iAD):

After “(viiiEE)”, insert “ or (viiiEG)”.

3.9   After subparagraph 4 (c) (ii), insert:

 “(iiA) in the case of a coin of the denomination of $30—an effigy of the Queen and the inscriptions ‘QUEEN ELIZABETH II AUSTRALIA’ and ‘30 DOLLARS’, all encircled by raised beads inside the rim of the coin;”.

3.10   After subparagraph 4 (c) (ivA), insert:

 “(ivAA) in the case of a coin of the denomination of $200, being a coin referred to in subparagraph (d) (xviA) or (d) (xviB)—an effigy of the Queen and the inscriptions ‘QUEEN ELIZABETH II AUSTRALIA’ and ‘200 DOLLARS’, all encircled by raised beads inside the rim of the coin;”.

3.11   After subparagraph 4 (c) (ivB), insert:

 “(ivBA) in the case of a coin of the denomination of $1,000—an effigy of the Queen and the inscriptions ‘QUEEN ELIZABETH II AUSTRALIA’ and ‘1,000 DOLLARS’, all encircled by raised beads inside the rim of the coin;”.

3.12   After subparagraph 4 (c) (ivC), insert:

 “(ivCA) in the case of a coin of the denomination of $3,000—an effigy of the Queen and the inscriptions ‘QUEEN ELIZABETH II AUSTRALIA’ and ‘3,000 DOLLARS’, all encircled by raised beads inside the rim of the coin;”.

3.13   Subparagraph 4 (d) (viiiBA):

After “(viiiBC)”, insert “, (viiiBCAA)”.

3.14   After subparagraph 4 (d) (viiiBC), insert:

 “(viiiBCAA) in the case of a coin of the denomination of $1 (other than a holey dollar coin) that refers to 1992 or a subsequent year as the year of the coin, the composition of which is not less than 99.9% silver:

      (A)  the inscription ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’, a representation of a kookaburra perched on a tree stump and a representation of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin; or

      (B) the inscription ‘THE AUSTRALIAN KOOKABURRA 1 OZ. 999 SILVER’, a representation of a kookaburra perched on the limb of a tree and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;”.

3.15   Subparagraph 4 (d) (viiiBD):

After “$2”, insert “, other than a coin referred to in subparagraph (viiiBDAA)”.

3.16   After subparagraph 4 (d) (viiiBD), insert:

 “(viiiBDAA) in the case of a coin of the denomination of $2 which refers to the year 1992 or a subsequent year as the year of the coin, the composition of

  which is not less than 99.9% silver—the inscription ‘THE AUSTRALIAN KOOKABURRA 2 OZ 999 SILVER’, a representation of a kookaburra perched on a tree stump and a representation of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;”.

3.17   After subparagraph 4 (d) (viiiEF), insert:

 “(viiiEG) in the case of a coin of the denomination of $10 which refers to 1992 or a subsequent year as the year of the coin, the composition of which is not less than 99.9% silver and the standard weight of which is 312.347 grams—the inscription ‘THE AUSTRALIAN KOOKABURRA 10 OZ 999 SILVER’, a representation of a kookaburra perched on a tree stump and a representation of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;”.

3.18   After subparagraph 4 (d) (viiiGA), insert:

 “(viiiGB) in the case of a coin of a denomination of $30—the inscription ‘THE AUSTRALIAN KOOKABURRA 1 KILO 999 SILVER’, a representation of a kookaburra perched on a tree stump and of 2 Australian flora and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;”.

3.19   Subparagraph 4 (d) (ix):

Omit “ or (xvi)”, substitute “, (xvi), (xviA) or (xviB)”.

3.20   After subparagraph 4 (d) (xvi), insert;

 “(xviA) in the case of a coin of the denomination of $200 the composition of which is not less than 99.99% gold—the inscription ‘THE AUSTRALIAN NUGGET 2 OZ 9999 GOLD’, an inscription of the name of a

  species of macropod marsupial, a representation of an animal of that species superimposed on a sunburst design and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;

 (xviB) in the case of a coin of a denomination of $200 the composition of which is not less than 99.95% platinum—the inscription ‘THE AUSTRALIAN KOALA 2 OZ 9995 PLATINUM’, a representation of a koala clinging to a tree limb and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;”.

3.21   After subparagraph 4 (d) (xviii), insert:

 “(xviiiA) in the case of a coin of the denomination of $1,000 the composition of which is not less than 99.99% gold—the inscription ‘THE AUSTRALIAN NUGGET 10 OZ 9999 GOLD’, an inscription of the name of a species of macropod marsupial, a representation of an animal of that species superimposed on a sunburst design and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;

 (xviiiB) in the case of a coin of the denomination of $1,000 the composition of which is not less than 99.95% platinum—the inscription ‘THE AUSTRALIAN KOALA 10 OZ 9995 PLATINUM’, a representation of a koala clinging to a tree limb and the inscription (in figures) of a year;”.

3.22   After subparagraph 4 (d) (xx), insert:

 “(xxA) in the case of a coin of the denomination of $3,000, the composition of which is not less than 99.99% gold—the inscription ‘THE AUSTRALIAN NUGGET 1 KILO 9999 GOLD’, an inscription of the name of a

  species of a macropod marsupial, a representation of an animal of that species superimposed on a sunburst design and the inscription (in figures) of a year, all encircled by raised beads inside the rim of the coin;

 (xxB) in the case of a coin of the denomination of $3,000 the composition of which is not less than 99.95% platinum—the inscription ‘THE AUSTRALIAN KOALA 1 KILO 9995 PLATINUM’, a representation of a koala clinging to a tree limb and the inscription (in figures) of a year;”.

4.   Regulation 7 (The Schedule to the Act)

4.1   After subregulation 7 (8), add:

“(9) The Act has effect, on and after 21 November 1991, as if:

 (a) there were specified in the Schedule to the Act a reference to a denomination of ‘Three thousand dollars’; and

 (b) there were specified in that Schedule, opposite to that denomination of $3,000 as the standard composition of coins of that denomination, the expressions ‘Not less than 99.99% gold’ and ‘Not less than 99.95% platinum’; and

 (c) there were specified in that Schedule a reference to a denomination of ‘One thousand dollars’; and

 (d) there were specified in that Schedule, opposite to that denomination of $1,000 as the standard composition of coins of that denomination the expressions ‘Not less than 99.99% gold’ and ‘Not less than 99.95% platinum’; and

 (e) the reference in that Schedule, opposite to the reference to the denomination “Two hundred dollars”, as the standard composition of coins of that denomination, included the expressions ‘99.99% gold’ and ‘99.95% platinum’; and

 (f) there were specified in that Schedule a reference to a denomination of ‘Thirty dollars’; and

 (g) there were specified in that Schedule, opposite to that denomination of $30 as the standard composition of coins of that denomination, the expression ‘Not less than 99.9% silver’; and

 (h) the references in that Schedule, opposite to the references to the denominations ‘Ten dollars’, ‘Two dollars’ and ‘One dollar’ to the standard composition of coins of each of those denominations, each included the expression ‘99.9% silver’.”.

5.   Schedule (Weight, dimensions and remedy of coins)

5.1   After item 2, insert:

“2A $3,000 Not less than 99.99% gold              1000.350              75.3              13.9              0.25”.

“2B $3,000 Not less than 99.95% platinum              1001.00              75.3              13.9              0.50”.

5.2   After item 4, insert:

“4A $1,000 Not less than 99.99% gold              311.317              60.3              7.9 0.25”.

“4B $1,000 Not less than 99.95% platinum              311.691              60.3              7.9              0.5”.

5.3   After item 6, insert:

“6A $200  Not less than 99.99% gold              62.265              40.6              4.0 0.05”.

5.4   After item 7, insert:

“7A $200  Not less than 99.95% platinum              62.313              40.6              3.8              0.075”.

5.5   After item 13, insert:

“13A $30  Not less than 99.9% silver              1002.502              10.1              14.6              1.5”.

5.6   After item 17, insert:

“17A $10  Not less than 99.9% silver              312.347              75.5              8.7 1.0”.

5.7   After item 25, insert:

“25A $2   not less than 99.9% silver              62.770              50.3              4.5 0.5”.

5.8   After item 27, insert:

“27A $1   not less than 99.9% silver              31.635              40.60              4.00 0.500”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 20 November 1991.

2. Statutory Rules 1966 No. 21 as amended by 1969 No. 137; 1970 No. 31; 1975 No. 139; 1977 No. 17; 1980 No. 288; 1981 Nos. 199 and 344; 1984 No. 29; 1985 Nos. 241 and 369; 1986 Nos. 83 and 358; 1987 Nos. 142, 196 and 300; 1988 Nos. 31, 45, 137, 200 and 380; 1989 Nos. 103, 229, 231, 252 and 278; 1990 Nos. 60, 300 and 459; 1991 Nos. 31, 149 and 307.