CTHIn ForceAct
A New Tax System (Goods and Services Tax) Act 1999
9‑85 Value of taxable supplies to be exp9‑85 Value of taxable supplies to be expressed in Australian currency
Start here
Get a plain-English read of 9‑85 Value of taxable supplies to be exp
Turn the raw legal text into a practical explanation grounded in A New Tax System (Goods and Services Tax) Act 1999.
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.