Commonwealth Consolidated Regulations

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CHILD SUPPORT (REGISTRATION AND COLLECTION) REGULATIONS 2018 - REG 38

Conversion of Australian currency to New Zealand currency

  (1)   This section applies if:

  (a)   a decision (within the meaning of Article 1 of the Australia - New Zealand Agreement) is issued, made or registered by a judicial or administrative authority of Australia; and

  (b)   the decision refers to an amount of money expressed in Australian currency.

  (2)   The amount must be converted into the equivalent amount expressed in New Zealand currency using:

  (a)   the international money transfer buying rates published by the Commonwealth Bank of Australia that applies to New Zealand currency on the day when the decision is transmitted by the Registrar; or

  (b)   if no such rate is available for New Zealand currency on that day--an exchange rate for the currency that the Registrar considers appropriate.

 



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