Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-G - Calculating the average values  

Special rules about values and valuation

SECTION 820-675   Amount to be expressed in Australian currency  

820-675(1)    
For the purposes of this Division, an amount (including a value used in a calculation under this Division) is to be expressed in Australian currency.

820-675(2)    
An entity must comply with the * accounting standards in converting an amount into Australian currency.

820-675(3)    
Subsection (2) has effect whether the * accounting standard would otherwise apply to the entity or not.