sec.48CWorking out amounts

### sec.48C Working out amounts An Act may express a fee or other matter as a number (whether whole or fractional) of fee units. The Act may also provide for how an amount is to be rounded for the purpose of subsection (3) . The amount of the fee or other matter is the number of dollars obtained by— multiplying the value of a fee unit for the Act by the number of fee units; and rounding the result— if the Act provides for how the result is to be rounded—in that way; or otherwise—to the nearest cent (rounding one-half upwards). A regulation under section 48B prescribes $1.015 to be the value of a fee unit for an Act. The Act provides for a licence fee of 120.44 fee units and does not provide for how amounts are to be rounded for the purpose of this subsection. The number of dollars obtained by multiplying $1.015 by 120.44 is $122.2466. So, after rounding, the amount of the licence fee is $122.25. s 48C ins 2021 No. 12 s 150 (sec.48C-ssec.1) An Act may express a fee or other matter as a number (whether whole or fractional) of fee units. (sec.48C-ssec.2) The Act may also provide for how an amount is to be rounded for the purpose of subsection (3) . (sec.48C-ssec.3) The amount of the fee or other matter is the number of dollars obtained by— multiplying the value of a fee unit for the Act by the number of fee units; and rounding the result— if the Act provides for how the result is to be rounded—in that way; or otherwise—to the nearest cent (rounding one-half upwards). A regulation under section 48B prescribes $1.015 to be the value of a fee unit for an Act. The Act provides for a licence fee of 120.44 fee units and does not provide for how amounts are to be rounded for the purpose of this subsection. The number of dollars obtained by multiplying $1.015 by 120.44 is $122.2466. So, after rounding, the amount of the licence fee is $122.25. - (a) multiplying the value of a fee unit for the Act by the number of fee units; and - (b) rounding the result— (i) if the Act provides for how the result is to be rounded—in that way; or (ii) otherwise—to the nearest cent (rounding one-half upwards). - (i) if the Act provides for how the result is to be rounded—in that way; or - (ii) otherwise—to the nearest cent (rounding one-half upwards). - (i) if the Act provides for how the result is to be rounded—in that way; or - (ii) otherwise—to the nearest cent (rounding one-half upwards).