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  • Foreign currency translation rules



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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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).

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

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    Last modified: 13 Feb 2019QC 44343