Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 9.85

             (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 currency other than Australian currency is to be treated as if it were an amount of Australian currency worked out in the manner determined by the Commissioner.