Taxation Administration Act 1953
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;
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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.
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
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;
(iii) a reference in any other manner;
(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. 17(3) [Currency Act]
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.
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