Financial Transaction Reports Act 1988
PART I
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PRELIMINARY
SECTION 3A
3A
TRANSLATION OF FOREIGN CURRENCY TO AUSTRALIAN CURRENCY
In determining, for the purposes of this Act, whether an amount of foreign currrency (including an amount in which a bearer negotiable instrument or other document is denominated) is not less than an Australian dollar amount, the amount of foreign currency is to be translated to Australian currency at the exchange rate applicable at the relevant time.
In determining, for the purposes of this Act, whether an amount of foreign currrency (including an amount in which a bearer negotiable instrument or other document is denominated) is not less than an Australian dollar amount, the amount of foreign currency is to be translated to Australian currency at the exchange rate applicable at the relevant time.
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