New Zealand Legislation: Bills
Bills are proposed Acts
(1) This section applies if, for the purposes of this Act, it is necessary to determine whether the amount of any cash (whether alone or together with any other amount of cash)—
(a) exceeds the applicable threshold value; and
(b) is denominated in a currency other than New Zealand currency.
(2) If this section applies, the amount of the cash is taken to be the equivalent in New Zealand currency,—
(a) calculated at the rate of exchange on the date of the determination; or
(b) if there is more than 1 rate of exchange on that date, calculated at the average of those rates.
(3) For the purposes of this section, a written certificate purporting to be signed by an officer of any bank in New Zealand that a specified rate of exchange prevailed between currencies on a specified day, and that at such rate a specified sum in a particular currency is equivalent to a specified sum in terms of the currency of New Zealand, is sufficient evidence of the rate of exchange so prevailing and of the equivalent sums in terms of the respective currencies.
Compare: 1996 No 9 s 4