about
corporate plan | 2009-2012
Introduction
The Corporate Plan is the overarching document of the Royal Australian Mint's (the Mint) strategic planning framework. The preparation of a new corporate plan occurs at least every three years, involves significant consultation with stakeholders and enables business directions to be considered with a fresh perspective.
In addition to the Corporate Plan, an annual business plan that is consistent with the Corporate Plan is prepared. The Business Plan contains greater level of detail in presenting the objectives, strategies and initiatives to guide progress for each year of the Corporate Plan.
CEO's Foreword
The Corporate Plan is a key document for the Mint in that it describes the context of our business and articulates the key strategies we intend to pursue in meeting our objectives over the next three years. It communicates our planned approach to all staff and stakeholders so there is a clear understanding of the directions the organisation is taking and the goals we expect to achieve.
The corporate planning process is particularly useful as a discipline and one that the Senior Managers and I embrace to ensure that we consider our business from a fresh perspective at least every three years.
This plan retains the fundamental elements of our planning approach by focusing on our products and services, our clients, our business capabilities and our people.
This corporate and business planning will need to deliver long term improvements in productivity and profitability in response to recent economic circumstances.
I have identified a number of key areas for the Mint Executive to focus on over the next 3 years which will build on the recently completed refurbishment and automation in circulating coin production. It will also build upon the new IT Business System completed in the first year of this plan. They include:
- optimising productivity returns on Commonwealth capital investment
- maximising safety and reducing environmental impacts
- enhancing the Mint visitor experience.
We are also eagerly looking forward to the 2010 XXVI Mint Directors Conference being held in Canberra so that we can showcase our people, technology, building and Mint products to the world.
Graham Smith
Acting Chief Executive Officer
Royal Australian Mint
About Us
The Royal Australian Mint (the Mint) became a prescribed agency within the Treasury portfolio on 1 July 2005, with responsibility for producing circulating coin for Australia.
The Mint was established in Canberra in 1965, one year prior to Australia's changeover to decimal currency, and since 1983 has been the sole supplier of Australia's circulating coin requirements. The first task of the Mint was to produce new coins for the introduction of decimal currency on 14 February 1966. Between 1965 and 1983 the Mint's production of Australian circulating coinage was supplemented by production from other mints. Since its establishment, the Mint has produced over fifteen billion Australian decimal coins and it now has capacity to produce two million coins per day.
Excellence as a Sustainable World Class Mint
The Mint also produces a range of high quality collector coins (numismatic coins) which are sold through an extensive mail order operation, e-commerce, a network of domestic and international coin dealers, selected Australia Post outlets and the Mint Coin Shop. In addition, the Mint produces a number of Australian medals and awards, as well as tokens, medallions and jewellery items.
The Mint is a major Canberra tourist attraction with a public gallery and shop that attracts about 200,000 visitors a year.
As well as the Mint's function to produce Australia's coinage, it produces coins for other countries, along with medals, medallions, tokens and seals for private, national and international clients.
The Mint is committed to upholding its reputation as one of the leading producers of quality coins in the world and to achieving business excellence.
One Mint
'One Mint' is a concept that provides staff with an anchor for the values of the organisation. Everything that is done at the Mint should be 'One Mint' and everything that 'One Mint' stands for should drive the way people work, behave and converse with each other. The 'One Mint' aim is to draw more attention to the emerging and changing culture of the organisation and encourage the participation and cooperation from staff at all levels.
'One Mint' values are assessable in all performance appraisals under Leadership. This serves as a reminder to staff that the 'One Mint' values are an important representation of the Mint and the way the organisation conducts its business.
One Mint Values
Commitment means we believe in the vision and mission of the Mint, and pursue with enthusiasm and determination the achievement of its business objectives and the maintenance of a safe, healthy and happy work environment.
Integrity means we are open, honest and straightforward in the way we do our work, and do not take improper advantage of our employment at the Mint to achieve personal gain.
Teamwork means we understand that we depend on one another for effective performance, and are always on the lookout for ways in which we can help our workgroups to be more flexible, more efficient and more enjoyable to be in.
Service means we care about the needs of those – both outside and inside the Mint – who receive the products of our work, and we try always to meet those needs at the right time, at the right quality and at the right price.
Innovation means we continually seek to identify and implement better, safer and more cost-effective ways of doing what we do, encourage others to do the same, and keep ourselves up to date on developments elsewhere that are relevant to our work.
Respect means we treat one another with courtesy and consideration, and do not belittle the contributions of others to the achievement of the Mint's vision and goals; we value diversity and renounce discrimination on grounds of race, religion, sex or cultural background.
Professionalism means we take pride in the quality of our products, in the skills and standards we apply to our work, and in our willingness to learn and to share the benefits of that learning with others.
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