Commonwealth Consolidated Acts

TAXATION ADMINISTRATION ACT 1953 - SECT 17

  (1)   In this section:

"decimal currency" means the currency provided for by the Currency Act 1965 .

"law of the Commonwealth" has the same meaning as in section   10 of the Currency Act 1965 .

"officer" includes the Commissioner and a Second Commissioner.

"taxation law" means any law of the Commonwealth of which the Commissioner has the general administration.

"the previous currency" means the currency provided for by the Coinage Act 1909 .

  (2)   An officer may, in the exercise of, or for the purpose of exercising, any power under a taxation law or in the performance of, or for the purpose of performing, any function under a taxation law:

  (a)   treat:

  (i)   a reference in a law of the Commonwealth;

  (ii)   a reference in a bill of exchange, promissory note, security for money, contract or agreement (whether the contract or agreement is in writing or not), deed or other instrument; or

  (iii)   a reference in any other manner;

    to an amount of money in the previous currency as a reference to a corresponding amount of money in decimal currency and treat such a reference to an amount of money in decimal currency as a reference to a corresponding amount of money in the previous currency;

  (b)   treat an amount of money in the previous currency as a corresponding amount of money in decimal currency and treat an amount of money in decimal currency as a corresponding amount of money in the previous currency; and

  (c)   express an amount of money in either decimal currency or the previous currency.

  (3)   For the purposes of paragraphs   (2)(a), (b) and (c):

  (a)   the amount of money in decimal currency that corresponds with an amount of money in the previous currency; and

  (b)   the amount of money in the previous currency that corresponds with an amount of money in decimal currency;

shall be calculated on the basis of the equivalents specified in subsection   8(4) of the Currency Act 1965 .