Applicability of re‑assessed exchange rate
47D Applicability of re‑assessed exchange rate
The Commission must determine in writing the day on which a re‑assessed exchange rate becomes applicable.
The day determined under subsection (1) is to be no later than 6 weeks after the tenth consecutive working day covered by subsection 47C(1).
A re‑assessed exchange rate:
becomes applicable on the day determined under subsection (1), unless a new re‑assessed exchange rate has already become applicable; and
remains applicable until:
a new re‑assessed exchange rate becomes applicable; or
the commencement of the next exchange period the base exchange rate for which has been worked out by reference to working days later than those by reference to which the re‑assessed exchange rate was worked out.
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