Commonwealth Consolidated Regulations

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CHILD SUPPORT (ASSESSMENT) REGULATIONS 2018 - REG 14

Conversion of annual rates into daily rates of payment

  (1)   For the purposes of section   69 of the Act, an annual rate of child support is to be converted into a daily rate by using the following formula:

    where:

"AR" is the annual rate of payment.

"DR" is the daily rate of payment .

  (2)   In calculating a conversion, the daily rate must be rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more).

 



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