4A
CurrentRounding of amounts expressed as numbers of fee units
Part 1Preliminary
4A Rounding of amounts expressed as numbers of fee units
(1)
This section applies for working out the amount of a fee expressed in this regulation as a number of fee units.
(2)
For the purpose of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded down to the nearest multiple of 5 cents.
Example—
Section 64A(3)(b) provides for a fee of 62.05 fee units. If the value of a fee unit for this regulation were $1.015, the number of dollars obtained by multiplying $1.015 by 62.05 would be $62.98075. After rounding down, the amount of the fee would be $62.95.
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