TASIn ForceRegulation
Public Sector Superannuation Reform Regulations 2017
67Amounts of pensions to be rounded off
Start here
Get a plain-English read of 67
Turn the raw legal text into a practical explanation grounded in Public Sector Superannuation Reform Regulations 2017.
67 Amounts of pensions to be rounded off
If an amount of pension that is calculated under these regulations leaves a fraction of a cent, and the fraction –
(a) is 0.5 cent or more, that amount is to be increased to the next highest whole number of cents; or
(b) is less than 0.5 cent, that amount is to be reduced to the next lowest whole number of cents.