Commonwealth Numbered Regulations

1988 No. 22 PETROLEUM EXCISE (PRICES) REGULATIONS - REG 7

7. For the purposes of paragraph 4 (1) (d) and the definitions of

"applicable whole cost" and "applicable whole price" in subregulation 5 (1),
where the amount indicated in a contract of sale as the sale price, or an
amount incurred under a contract of sale in respect of a cost of a type
referred to in paragraph 6 (1) (a) is expressed in a foreign currency, the
exchange rate to convert the amount of the sale price or cost into Australian
dollars shall be the Reserve Bank mid-rate for the foreign currency as quoted
by the Reserve Bank for the due date for payment of the sale price under that
contract or, if that rate is not quoted for that date, the Reserve Bank
mid-rate for that currency for the last day, preceding that date, for which
that rate is so quoted.