11
In forceRounding of amounts expressed as numbers of fee units
11 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—
Schedule 5, item 1(b) provides for a fee of 1.80 fee units. If the value of a fee unit for this regulation were $1.025, the number of dollars obtained by multiplying $1.025 by 1.80 would be $1.845. After rounding down, the amount of the fee would be $1.80.
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