17Powers of taxation officers in relation to references to currency etc.

#### 17 Powers of taxation officers in relation to references to currency etc. (1) In this section: > decimal currency means the currency provided for by the Currency Act 1965. > law of the Commonwealth has the same meaning as in section 10 of the Currency Act 1965. > officer includes the Commissioner and a Second Commissioner. > taxation law means any law of the Commonwealth of which the Commissioner has the general administration. > the previous currency means the currency provided for by the Coinage Act 1909. (2) An officer may, in the exercise of, or for the purpose of exercising, any power under a taxation law or in the performance of, or for the purpose of performing, any function under a taxation law: (a) treat: (i) a reference in a law of the Commonwealth; (ii) a reference in a bill of exchange, promissory note, security for money, contract or agreement (whether the contract or agreement is in writing or not), deed or other instrument; or (iii) a reference in any other manner; to an amount of money in the previous currency as a reference to a corresponding amount of money in decimal currency and treat such a reference to an amount of money in decimal currency as a reference to a corresponding amount of money in the previous currency; (b) treat an amount of money in the previous currency as a corresponding amount of money in decimal currency and treat an amount of money in decimal currency as a corresponding amount of money in the previous currency; and (c) express an amount of money in either decimal currency or the previous currency. (3) For the purposes of paragraphs (2)(a), (b) and (c): (a) the amount of money in decimal currency that corresponds with an amount of money in the previous currency; and (b) the amount of money in the previous currency that corresponds with an amount of money in decimal currency; shall be calculated on the basis of the equivalents specified in subsection 8(4) of the Currency Act 1965.