19AAARounding of fuel duty rates

19AAA Rounding of fuel duty rates

(1) Despite subsection 19(2), the amount to be worked out under subsection 19(1) in respect of an indexation day for a CPI indexed rate that is a fuel duty rate is to be rounded to 3 decimal places (rounding up if the next decimal place is 5 or more). (2) For the purposes of section 19, determine the CPI indexed rate on the day before the indexation day as mentioned in subsection 19(1) on the assumptions that: (a) the operation of subsection (1) of this section was disregarded in respect of all previous indexation days (if any); and (b) subsection 19(2) provided for amounts worked out under subsection 19(1) in respect of those indexation days to be rounded to 5 decimal places (rounding up if the next decimal place was 5 or more). (3) In this section:

CPI indexed rate has the same meaning as in section 19.

indexation day has the same meaning as in section 19.