• Foreign currency translation rules

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    If the fund has entered into transactions in foreign currency or derived income in a foreign currency, those amounts will need to be translated to Australian currency to calculate the amount assessable or deductible. 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).

    Further Information

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

    End of further information
    Last modified: 11 Jan 2012QC 28016