CHILD SUPPORT (ASSESSMENT) (OVERSEAS-RELATED MAINTENANCE OBLIGATIONS) REGULATIONS 2000 2000 NO. 79

Commonwealth Numbered Regulations

Conversion of currency

(1): The Registrar must convert any overseas income that is taken into account under this Part into the equivalent amount in Australian currency, on the basis of the average exchange rate for the relevant financial year of the country from which the income was derived.

(2): The average exchange rate mentioned in subregulation (1) is the rate provided by the Australian Statistician or, if unavailable from the Australian Statistician, the rate provided by a relevant overseas body.
(3): In making an administrative assessment of child support of a liable parent who is in a reciprocating jurisdiction, the Registrar must convert the amount payable by the liable parent into the equivalent amount in the currency of that reciprocating jurisdiction, on the basis of the telegraphic transfer rate of exchange prevailing on the day when the assessment is transmitted.
(4): If there are arrears in payment of child support assessment transmitted to a reciprocating jurisdiction, the amount in arrears must be converted into the equivalent amount of the currency of that reciprocating jurisdiction, on the basis of the telegraphic transfer rate of exchange prevailing on the day when the assessment is transmitted.

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