1
Name of determination
1 Name of determination
This determination is the Social Security Foreign Currency Exchange Rate Determination 2005 (No. 1).
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Commonwealth legislation
This Act has been repealed and is no longer in force. It is retained for historical reference.
This determination updates the tables used to convert foreign currencies into Australian dollars for social security purposes. It makes three technical changes to reflect currency reforms in Turkey and Serbia/Montenegro:
These changes ensure that when Centrelink calculates payments or assesses income and assets involving these countries, it uses the correct current currency names and exchange rates. This affects people receiving Australian social security payments overseas or those with foreign income and assets from these countries.
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Direct links to the current provisions in Social Security Foreign Currency Exchange Rate Determination 2005 (No. 1).
This determination is the Social Security Foreign Currency Exchange Rate Determination 2005 (No. 1).
This determination commences on 1 February 2005.
3 Amendment of Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
Schedule 1 amends the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1) of 18 March 2004.
Schedule 1 Amendments
(section 3)
[1] Table B of Part 4 of the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
omit
Turkey (Lira)
[2] Table D of Part 6 of the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
omit
Serbia and Montenegro (New Yugoslav Dinar)
substitute
Serbia and Montenegro (Serbian Dinar)
[3] Table D of Part 6 of the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
insert in the appropriate alphabetical position
Turkey (New Turkish Lira)
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This determination is the Social Security Foreign Currency Exchange Rate Determination 2005 (No. 1).
This determination commences on 1 February 2005.
3 Amendment of Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
Schedule 1 amends the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1) of 18 March 2004.
Schedule 1 Amendments
(section 3)
[1] Table B of Part 4 of the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
omit
Turkey (Lira)
[2] Table D of Part 6 of the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
omit
Serbia and Montenegro (New Yugoslav Dinar)
substitute
Serbia and Montenegro (Serbian Dinar)
[3] Table D of Part 6 of the Social Security Foreign Currency Exchange Rate Determination 2004 (No. 1)
insert in the appropriate alphabetical position
Turkey (New Turkish Lira)