106Certain amounts to be expressed in foreign currency

106 Certain amounts to be expressed in foreign currency

106 Certain amounts to be expressed in foreign currency

(1) This section shall not apply in respect of a foreign contributor unless a conversion ratio applies in relation to the currency of the country in which the foreign contributor is employed.

(2) For the purpose of determining the number of units of pension that, pursuant to section 12 (1), is appropriate for the salary actually being paid to a foreign contributor, the amount of the salary shall be expressed in Australian currency in accordance with section 105.

(3) Any amount payable under this Act by or to a foreign contributor shall be expressed in foreign currency in accordance with section 105.

s 106: Ins 1980 No 50, Sch 5 (2).