sec.231AWorking out amounts of concessional registration fees

sec.231A Working out amounts of concessional registration fees

This section applies for working out the amount of a concessional registration fee expressed in this regulation as a percentage of another fee (a standard fee ). The amount of the concessional registration fee is obtained by— multiplying the standard fee by the percentage; and rounding the result to the nearest multiple of 5 cents (rounding one-half upwards). A concessional registration fee is 25% of the standard fee which is expressed as 845.55 fee units. If the value of a fee unit were $1.015, the amount of the standard fee would be $858.25, obtained by multiplying 845.55 by $1.015 and rounding the result under section 220A . The amount of the concessional registration fee would be $214.55, obtained by multiplying the standard fee of $858.25 by 25% and rounding the result under subsection (2) (b) . s 231A ins 2022 SL No. 56 s 58 (sec.231A-ssec.1) This section applies for working out the amount of a concessional registration fee expressed in this regulation as a percentage of another fee (a standard fee ). (sec.231A-ssec.2) The amount of the concessional registration fee is obtained by— multiplying the standard fee by the percentage; and rounding the result to the nearest multiple of 5 cents (rounding one-half upwards). A concessional registration fee is 25% of the standard fee which is expressed as 845.55 fee units. If the value of a fee unit were $1.015, the amount of the standard fee would be $858.25, obtained by multiplying 845.55 by $1.015 and rounding the result under section 220A . The amount of the concessional registration fee would be $214.55, obtained by multiplying the standard fee of $858.25 by 25% and rounding the result under subsection (2) (b) .

• (a) multiplying the standard fee by the percentage; and
• (b) rounding the result to the nearest multiple of 5 cents (rounding one-half upwards).