Overview

This bill, the Coinage (Measurement) Act 2011, updates the Coinage Act 1971, changing how the standard weight of coins is measured. It removes restrictions on measuring the weight of gold coins and allows for more flexible methods of measurement to be determined by government proclamation.

Description

The bill amends the Coinage Act 1971. Specifically:

• Section 1(6): It removes the exclusion of gold coins from the rules on measuring weight variations from the standard. Instead of a fixed method (averaging a sample of up to one kilogram), the method will be determined by a government proclamation under Section 3.
• Section 3(1)(cd): This section is updated to allow for proclamations to set the measurement methods for all coins, not just gold coins.

In essence, the bill modernizes the process of verifying coin weight, allowing for greater flexibility and efficiency in measurement techniques.

Government Spending

The bill is not expected to have a significant impact on government spending. No specific figures are provided in the bill text.

Groups Affected

The main groups affected are:

• The Royal Mint: The bill directly impacts their procedures for ensuring the accuracy of coin weight.
• Government agencies responsible for overseeing the coinage: They gain more flexibility in setting measurement standards.

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