Adjustment of costs of administration

Current

If there is an adjustment rate for a year, the amount specified in section 58(1) is, in relation to a contract of sale under section 55, adjusted by that rate by virtue of this section, on and from a date (not later than 31 December of that year) to be determined by Homes Tasmania in respect of that contract.

If an amount adjusted under subsection (1) comprises, in addition to a number of dollars, a number of cents that is not a multiple of 5, that number of cents is to be calculated as the next higher number that is a multiple of 5.

This Act’s bill:Explanatory notes Second reading speech

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61 Adjustment of costs of administration