Commonwealth Numbered Regulations

1996 No. 263 BANKRUPTCY REGULATIONS - REG 4.04

4.04. (1) This regulation applies to a bankruptcy notice if the judgment or
order lodged under subregulation 4.01 (1) in relation to the notice is
expressed in an amount of foreign currency (whether or not the judgment or
order is also expressed in an amount of Australian currency).

(2) A bankruptcy notice to which this regulation applies must:

   (a)  contain a statement to the effect that payment of the amount of
        foreign currency expressed in the judgment or order may be paid in
        that foreign currency or by means of a specified amount of Australian
        currency that is stated to be equivalent to the amount of foreign
        currency; and

   (b)  set out:

        (i)    the applicable rate of exchange, being the rate worked out in
               accordance with subregulation (3); and

        (ii)   the conversion calculation; and

        (iii)  a statement that the conversion of the amount of foreign
               currency into Australian currency has been made in accordance
               with this regulation.

(3) For the purposes of paragraph (2) (b), the conversion of an amount of
foreign currency into an equivalent amount of Australian currency must be done
in accordance with the exchange rate that, on the second working day before
the day on which the relevant application is lodged under subregulation 4.01
(1), is the relevant opening telegraphic transfer rate of the Commonwealth
Bank of Australia.