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TRANS-TASMAN PROCEEDINGS ACT 2010 - SECT 69

Currency in which NZ judgments are registered

  (1)   If a sum of money payable under an NZ judgment is expressed in a currency other than Australian currency, the judgment must be registered in the Australian court under section   68 :

  (a)   if an entitled person has requested in the application for registration that the judgment be regis tered in a particular currency-- in that currency; and

  (b)   otherwise -- as if it were for an equivalent amount in Australian currency, calculated in accordance with the rate of exchange on the working day (the conversion day ) of the Australian court before the working day of that court on which the entitled person made the application for registration.

  (2 )   The rate of exchange on the conversion day is that det ermined in the manner prescribed by the regulations .

  ( 3 )   This section is subject to section   70 ( which deals with money judgment s that are partly satisfied).


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