Victorian Numbered Acts

STATE TAXATION ACTS (GENERAL AMENDMENT) ACT 2005 (NO 36 OF 2005) - SECT 38

    For section 119(1) of the Taxation Administration Act 1997 substitute —

    "(1)     If an amount involved in the calculation of tax is not in Australian currency, the amount is to be converted to Australian currency at the exchange rate published by the Reserve Bank of Australia on the day on which the liability to pay the tax arose.".

__________________

See:
Act No.
35/1986.
Reprint No. 1
as at
19 March 1998
and amending
Act Nos
47/1999 and 79/2000.
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