198M
CurrentRounding off provisional replacement amounts
Volume 3Parts VI to XII, sections 94 to 216
Part XIIMiscellaneous
198M Rounding off provisional replacement amounts
(1)
If a provisional replacement amount is a multiple of the rounding base, the provisional replacement amount is the replacement amount.
(2)
If a provisional replacement amount is not a multiple of the rounding base, the replacement amount is the provisional replacement amount rounded up or down to the nearest multiple of the rounding base.
(3)
If a provisional replacement amount is not a multiple of the rounding base, but is a multiple of half the rounding base, the replacement amount is the provisional replacement amount rounded up to the nearest multiple of the rounding base.
This Act’s bill:Second reading speech
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