If the accounting records of an Australian branch of a foreign bank reflect a foreign exchange transaction notionally entered into by the branch with the bank:
(a) the notional transaction is taken to be a transaction entered into by the branch with the bank; and
(b) any amount entered in the branch's accounting records as
a payment or receipt in respect of the notional transaction is taken, for the
purposes of this Act, to be an amount paid or received by the branch, as the
case may be, in respect of the foreign exchange transaction when the amount
was so entered.