QLDIn ForceRegulation
Racing Integrity Regulation 2016
sec.8Rounding of amounts expressed as numbers of fee units
Start here
Get a plain-English read of sec.8
Turn the raw legal text into a practical explanation grounded in Racing Integrity Regulation 2016.
### sec.8 Rounding of amounts expressed as numbers of fee units
This section applies for working out the amount of a fee expressed in section 7 as a number of fee units.
For the purpose of the Acts Interpretation Act 1954 , section 48C (3) , the amount is to be rounded downwards to the nearest dollar.
If the number of dollars obtained by multiplying a number of fee units mentioned in section 7 by the value of a fee unit were $2,648.75, the amount of the application fee, after rounding, would be $2,648.
s 8 ins 2022 SL No. 65 s 3
(sec.8-ssec.1) This section applies for working out the amount of a fee expressed in section 7 as a number of fee units.
(sec.8-ssec.2) For the purpose of the Acts Interpretation Act 1954 , section 48C (3) , the amount is to be rounded downwards to the nearest dollar. If the number of dollars obtained by multiplying a number of fee units mentioned in section 7 by the value of a fee unit were $2,648.75, the amount of the application fee, after rounding, would be $2,648.