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Statutory Rules 1988 No. 1371

Currency Regulations2 (Amendment)

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

  Dated 17 June 1988.

N. M. STEPHEN
Governor-General
By His Excellency's Command,

Peter Morris
Minister of State for Transport and Communications Support

for and on behalf of the Treasurer

1. Regulation 3 of the Currency Regulations is repealed and the following regulation substituted:

Weight, dimensions and remedy of coins
"3. (1) In respect of a coin of the denomination specified in Column 2 of an item in the Schedule, being a coin of the standard composition specified in Column 3 of that item:
     (a) the standard weight specified in Column 4 of that item is prescribed;
     (b) dimensions in respect of diameter and thickness not exceeding the dimensions in respect of diameter and thickness specified in Columns 5 and 6 respectively of that item are prescribed; and
     (c) the remedy in respect of weight specified in Column 7 of that item is prescribed.
"(2) In this regulation, 'diameter' means:
     (a) in the case of a coin of the denomination of 50 cents—the shortest diameter of the coin; and
     (b) in the case of a coin of any other denomination—the diameter of the coin.".

(S.R. 164/88)—Cat. No. 16/8.6.1988

Design of coins
2. Regulation 4 of the Currency Regulations is amended:
     (a) by omitting from subparagraph (d) (ix) "subparagraph (x), (xi) or (xii)" and substituting "subparagraph (x), (xi), (xii) or (xiii)";
     (b) by omitting from subparagraph (d) (xi) "and" (last occurring);
     (c) by adding at the end of paragraph (d) the following word and subparagraph:
            "; and (xiii) in the case of a coin of the denomination of $200 that refers on its obverse side to the year 1988 as the year of the coin—the inscriptions "AUSTRALIA TWO HUNDRED YEARS", "TWO HUNDRED DOLLARS" and "SYDNEY COVE", the figures "1788" and a representation of Governor Arthur Phillip standing and, in the background, a sailing ship.".

Repeal of regulations 5 and 6
3. Regulations 5 and 6 of the Currency Regulations are repealed.

The Schedule to the Act
4. Regulation 7 of the Currency Regulations is amended by adding at the end the following subregulation:
"(4) The Act shall have effect, on and after 20 June 1988, as if:
     (a) the reference in the Schedule to the Act, opposite to the reference to the denomination 'Five dollars', to the standard composition of coins of that denomination were a reference to the standard compositions 'copper, aluminium and nickel' and '92.5% silver and 7.5% other metal';
     (b) the reference in that Schedule, opposite to the reference to the denomination 'Two dollars',