Queensland Subordinate Legislation as Made

TRANSPORT LEGISLATION (FEE UNIT CONVERSION AND REGISTRATION FEES) AMENDMENT REGULATION 2022 - REG 58

58 Insertion of new s 231A

After section 231 —
insert—

231A Working out amounts of concessional registration fees

(1) This section applies for working out the amount of a concessional registration fee expressed in this regulation as a percentage of another fee (a
"standard fee" ).

(2) The amount of the concessional registration fee is obtained by—

(a) multiplying the standard fee by the percentage; and

(b) rounding the result to the nearest multiple of 5 cents (rounding one-half upwards).

Example—

A concessional registration fee is 25% of the standard fee which is expressed as 845.55 fee units. If the value of a fee unit were $1.015, the amount of the standard fee would be $858.25, obtained by multiplying 845.55 by $1.015 and rounding the result under section 220A. The amount of the concessional registration fee would be $214.55, obtained by multiplying the standard fee of $858.25 by 25% and rounding the result under subsection (2)(b).