The customs value of imported goods must be expressed in Australian currency.
Foreign currency must be converted into Australian currency at the rate of exchange prevailing on the day of export of the goods (not on the day the goods arrive in Australia).
The Exchange Rate is determined by the Comptroller-General of Customs in accordance with section 161J of the
Customs Act 1901.
The Exchange Rates are consolidated weekly each Tuesday, except when Tuesday is a public holiday. The consolidated rates are published in the Government Gazette each Wednesday or as soon as possible in the following week as a Notice of Rates of Exchange.
Exchange rates are no longer published on the Home Affairs or ABF website in addition to publication in the Government Gazette.
The Gazette Notices can be accessed on the Federal Register of Legislation. To filter out only the Notices of Rates of Exchange follow the instructions below:
- Visit the
Federal Register of Legislation – Advanced Search
- Within the 'with the exact phrase' text field, type rates of exchange
- From the 'Show results…' drop down list, select 'Date first Registered'.
- Select the search button. This will now display all Notices from 18 September 2012 up until the latest issue date.