Foreign currency translation rules

Taxation of foreign currency gains and losses is contained in Division 775 of the ITAA 1997. The foreign currency translation rules are contained in Subdivision 960-C of the ITAA 1997 (and the functional currency rules are contained in Subdivision 960-D of the ITAA 1997).

For more information about the foreign currency translation rules, see:

• Foreign exchange (forex) - the general translation rule
• Foreign exchange (forex) - general information on average rates.