Document ID: chunk:federal_register_of_legislation:F2024C01169:reg:37
Version: federal_register_of_legislation:F2024C01169
Segment Type: reg
Provision Reference: reg 37
Character Range: 26696–28606

37  Conversion of foreign currency to Australian currency
 (1) This section applies to the following overseas maintenance liabilities:
 (a) a maintenance order made by a judicial authority of a reciprocating jurisdiction (other than New Zealand);
 (b) a maintenance agreement registered by an overseas authority of a reciprocating jurisdiction (other than New Zealand);
 (c) a maintenance assessment issued by an administrative authority of a reciprocating jurisdiction (other than New Zealand);
 (d) an overseas maintenance liability in relation to which an application for entry, in the Child Support Register, of particulars has been made under section 25A of the Act.
 (2) If the amount of the overseas maintenance liability is expressed in foreign currency, the liability is taken to refer to the equivalent amount expressed in Australian dollars, converted in accordance with subsection (3), applicable on:
 (a) for an order, agreement or assessment of a kind mentioned in paragraph (1)(a), (b) or (c)—the day on which the Registrar receives the application for the liability arising under the order, agreement or assessment to be registered; or
 (b) for an overseas maintenance liability of a kind mentioned in paragraph (1) (d)—the day on which the Registrar receives the application for entry in the Child Support Register of the particulars of the overseas maintenance liability.
 (3) For the purposes of subsection (2), the foreign currency amount must be converted into the equivalent Australian dollar amount using:
 (a) the international money transfer buying rate for the foreign currency, being the rate published by the Commonwealth Bank of Australia that applies to the foreign currency on the day that applies under subsection (2); or
 (b) if no such rate is available for the foreign currency on that day—an exchange rate for the foreign currency that the Registrar considers appropriate.