reg 180AA
In forceRounding of amounts expressed as numbers of fee units
Part 19Miscellaneous
180AA 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 purposes of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded to the nearest multiple of 5 cents (rounding one-half upwards).
Example—
If a fee were 35 fee units and the value of a fee unit were $1.015, the number of dollars obtained by multiplying 35 by $1.015 would be $35.525. Because $35.525 is halfway between $35.50 and $35.55, it is rounded upwards, so the amount of the fee would be $35.55.
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