‘The instrument operates under the power in paragraph 5.36(1A)(a) of the Regulations, for the Minister to specify foreign currencies, and their relevant exchange rate in relation to the Australian Dollar’
The Migration (LIN 19/041: Payment of Visa Application Charges and Fees in Foreign Currencies) Instrument 2019 will repeal LIN 19/001 on 1 July 2019.
The new instrument’s explanatory statement includes the following passage:
3. The instrument operates under the power in paragraph 5.36(1A)(a) of the Regulations, for the Minister to specify foreign currencies, and their relevant exchange rate in relation to the Australian Dollar. The currencies’ corresponding International Organization for Standardization (ISO) code has also been specified in the instrument. The instrument is used to specify the working out of the amount of payment of a fee, as defined in subregulation 5.36(4) of the Regulations (other than a visa application charge (VAC) payment to which subregulation 5.36(3A) of the Regulations applies).
4. The purpose of the instrument is to undertake a biannual update of the foreign currency exchange rates.
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Sergio Zanotti Stagliorio is a Registered Migration Agent (MARN 1461003). He is the owner of Target Migration in Sydney. He can be reached at sergio@targetmigration.com.au