Posts Tagged ‘coins’

The 5c budget black-hole

Posted: 10:33 am on 12th June 2014

Senate estimates committee hearings can be trying experiences for all involved. However, every so often, a nugget of gold emerges. At a little after 10.30pm on Tuesday 3 June,  Ross MacDiarmid from the Royal Australian Mint made his debut before the Senate Economics Legislation Committee. The evening was proceeding smoothly, until NSW Labor Senator Sam Dastyari asked Mr MacDiarmid how much it costs the Mint to produce its coins. The following exchange is…

read more…