Document ID: chunk:federal_register_of_legislation:C2025C00165:section:33:p2
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 33 (pt 2/2)
Character Range: 270313–271103

to offences against this Act or the regulations.
 (5) An ADI shall be deemed to have complied with the requirements of a notice under subsection (1) if it transfers to the Reserve Bank an amount of sterling equivalent to the specified proportion of that ADI's excess receipts of foreign currency, as shown in that ADI's books of account, as at the close of business on the date in question.
 (6) Where an ADI's assets outside Australia attributable to, or acquired by virtue of, its Australian business include foreign currency that is not freely convertible into sterling, the Reserve Bank shall make such adjustment in the amount of sterling required to be transferred by that ADI to the Reserve Bank under this section as appears to the Reserve Bank to be necessary in the circumstances.