New Zealand Acts

TRANS-TASMAN PROCEEDINGS ACT 2010 - SECT 58

58 Currency

1 If a sum of money payable under a registrable Australian judgment is expressed in a currency other than New Zealand currency, the judgment must be registered in the New Zealand court under section 57 ,—

a) if an entitled person has requested in the application for registration that the judgment be registered in a particular currency, in that currency; and

b) in any other case, as if it were for an equivalent amount in New Zealand currency, calculated using the rate of exchange on the working day (the
"conversion day" ) before the day on which the entitled person made the application for registration.

2
"Working day" , in subsection (1)(b) , has the same meaning as in section 13 of the Legislation Act 2019 .

3 The rate of exchange on the conversion day is that determined in the prescribed manner.

4 The Governor-General may, by Order in Council, make regulations prescribing the manner of determining the rate of exchange on the conversion day.

5 This section is subject to section 59 (money judgments partly satisfied).

6 Regulations under subsection (4) are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

History: Section 58(2): amended, on 28 October 2021, by section 3 of the Secondary Legislation Act 2021 (2021 No 7).   Section 58(6): inserted, on 28 October 2021, by section 3 of the Secondary Legislation Act 2021 (2021 No 7).