CTHRepealedAct
Financial Transaction Reports Act 1988
3ATranslation of foreign currency to Australian currency
Start here
Get a plain-English read of 3A
Turn the raw legal text into a practical explanation grounded in Financial Transaction Reports Act 1988.
#### 3A Translation of foreign currency to Australian currency
In determining, for the purposes of this Act, whether an amount of foreign currency (including an amount in which a bearer negotiable instrument or other document is denominated) is not less than an Australian dollar amount, the amount of foreign currency is to be translated to Australian currency at the exchange rate applicable at the relevant time.