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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
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Experience:  15years with H & R Block. Divisional leader, Instructor
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Exchange rates duty

Customer Question

Exchange rates for customs duty
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.

Hello

The Exchange Rate is determined by the Comptroller-General of Customs. Foreign currency must be converted into Australian currency at the rate of exchange prevailing on the day of export of the goods (for example, not on the day the goods arrive in Australia).

They are published in the Gazette weekly

https://www.border.gov.au/Dutyratesandtaxes/Documents/exchange-rates-23022016.pdf

The above is the link for Feb 23, 2016