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DISABILITY SERVICES AND OTHER LEGISLATION (FEES) AMENDMENT REGULATION 2022 - REG 4

Insertion of new s 17A

4 Insertion of new s 17A

After section 17
insert—

17A 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—
(a) if the result is not more than $100—to the nearest multiple of 5 cents (rounding one-half upwards); or
(b) if the result is more than $100 but not more than $1,000—to the nearest multiple of 10 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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