Legislation

ITAA 1997 s 12 of Part 2-5 in Schedule 1 to the TAA 1953, and which is in a foreign currency - must be translated into Australian currency at the exchange rate applicable at the time when the amount is required to be withheld - in accordance with the core currency translation rules in section 960-50

ATO documents that consider ITAA 1997 s 12 of Part 2-5 in Schedule 1 to the TAA 1953, and which is in a foreign currency - must be translated into Australian currency at the exchange rate applicable at the time when the amount is required to be withheld - in accordance with the core currency translation rules in section 960-50