Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.1.22A

         (1)   This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.

Value

         (2)   For paragraph 761G (7) (a) of the Act, the amount applicable to a foreign exchange contract is $500 000.

Working out value: general rule

         (3)   For paragraph 761G (10) (a) of the Act, the value of a foreign exchange contract is the amount paid or payable under the foreign exchange contract.