7Calculation of fee

7 Calculation of fee

[Section 7 Amended by No. 21 of 2002, s. 7, Applied:01 Jan 2003] [Section 7 Substituted by No. 34 of 2023, s. 6, Applied:01 Jan 2024]

(1)  The amount of a fee provided for by an enactment, in respect of a financial year, is to be calculated by multiplying the applicable number of fee units by the value of a fee unit in respect of the financial year as determined in accordance with section 6 .

(2)  Subject to subsection (3) , the amount of a fee calculated under subsection (1) is to be rounded down to the nearest cent.

(3)  If an amount of goods and services tax is payable in respect of a fee calculated under subsection (1)  –

(a) the amount of the fee so calculated is not to be rounded down to the nearest cent in accordance with subsection (2) ; and

(b) the sum of the fee so calculated and the amount of goods and services tax payable in respect of the fee is to be rounded down to the nearest cent.