Commonwealth Consolidated Regulations

CHILD SUPPORT (REGISTRATION AND COLLECTION) REGULATIONS 1988 - REG 20

         (1)   Subregulation (2) applies if:

                (a)    a decision (within the meaning of Article 1 of the Australia‑New Zealand Agreement) is issued, made or registered by a judicial or administrative authority of Australia; and

               (b)    the decision refers to an amount of money expressed in Australian currency.

         (2)   The amount must be converted into the equivalent amount expressed in New Zealand currency, calculated in accordance with subregulation (3).

         (3)   For subregulation (2), the amount must be calculated in accordance with:

                (a)    the telegraphic transfer rate for New Zealand currency, being the rate published by the Commonwealth Bank of Australia that applies to the currency on the day when the decision is transmitted by the Registrar; or

               (b)    if no such rate is available for New Zealand currency on that day -- an exchange rate for the currency that the Registrar considers appropriate.