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A New Tax System (Goods and Services Tax) Act 1999

Chapter 2 - The basic rules  

Part 2-2 - Supplies and acquisitions  

Division 9 - Taxable supplies  

Subdivision 9-C - How much GST is payable on taxable supplies?  

9-85  Value of taxable supplies to be expressed in Australian currency  

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For the purposes of this Act, the * value of a * taxable supply is to be expressed in Australian currency.


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In working out the *value of a *taxable supply, any amount of the *consideration for the supply that is expressed in:

(a) a currency other than Australian currency; or

(b) *digital currency;

is to be treated as if it were an amount of Australian currency worked out in the manner determined by the Commissioner.


This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
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