Indexation—rounding
28HAAB Indexation—rounding
S. 28HAAB inserted by No. 62/2015 s. 7.
If it is necessary for the purposes of section 28H to calculate an amount that consists of or includes a fraction of a whole number, the amount is taken to have been calculated in accordance with that section if the calculation is made—
if the amount is less than $1000, to the nearest whole $1; or
if the amount is $1000 or more, to the nearest whole $10.
Note
The amount specified in section 28G is equivalent to the amount provided by the Workplace Injury Rehabilitation and Compensation Act 2013 for the purposes of section 340(b)(ii) of that Act (limitation on awards of damages for pain and suffering). Sections 28H, 28HAA and 28HAAB have the same effect as the indexation provisions that apply to that amount under the Workplace Injury Rehabilitation and Compensation Act 2013. The amount, as indexed under that Act, is published annually in the Government Gazette.
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