A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 9.85 Value of taxable supplies to be expressed in Australian currency
A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 9.85
Value of taxable supplies to be expressed in Australian currency(1) For the purposes of this Act, the * value of a * taxable supply is to be expressed in Australian currency.
(2) In working out the * value of a * taxable supply, any amount of the * consideration for the supply that is expressed in:
(a) a currency other than Australian currency; or
(b) * digital currency;
is to be treated as if it were an amount of Australian currency worked out in
the manner determined by the Commissioner.