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Treasury & financeAgencyExists today

Royal Australian Mint

RAM

22 February 1965 – present

Australia's national mint, which designs and produces all Australian circulating coins as well as collector and commemorative coins, medals and coins for other countries.

How it came into existence

Opened in Canberra on 22 February 1965 as part of the Treasury to produce the new decimal coinage; it was the first mint in Australia not operated as a branch of the British Royal Mint, whose Sydney, Melbourne and Perth branches had struck Australia's earlier coins.

Changes during its life

  1. 1 July 2005Became a prescribed agency under the Financial Management and Accountability Act 1997, separate from the Department of the Treasury for financial management purposes.

Main functions

  • Production of Australian circulating coins
  • Production of collector and commemorative coins
  • Production of coins and medals for other countries
  • Coin design
  • Public visitor and education programs

Where it sits

In the portfolio of Department of the Treasury.

Type of body
Non-corporate Commonwealth entity
Portfolio
Treasury
Accountable authority
Chief Executive Officer – Public Governance, Performance and Accountability Rule 2014 schedule 1 item 20(c)
ABN
45 852 104 259

Lineage

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Sources