A New Tax System (Goods and Services Tax) Act 1999

Chapter 2 - The basic rules  

Part 2-2 - Supplies and acquisitions  

Division 9 - Taxable supplies  

Subdivision 9-C - How much GST is payable on taxable supplies?  

9-85   Value of taxable supplies to be expressed in Australian currency  

For the purposes of this Act, the * value of a * taxable supply is to be expressed in Australian currency.


In working out the *value of a *taxable supply, any amount of the *consideration for the supply that is expressed in:

(a) a currency other than Australian currency; or

(b) *digital currency;

is to be treated as if it were an amount of Australian currency worked out in the manner determined by the Commissioner.

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