SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 258 Rounding off instalment of social security pension or benefit

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SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 258

Rounding off instalment of social security pension or benefit

(1): In this section:

"instalment" means an instalment of a social security pension or benefit.

(2): If the amount of an instalment would be:

(a): one or more whole dollars and a part of a cent; or
(b): one or more whole dollars and cents and a part of a cent;

the amount is to be increased or decreased to the nearest whole cent.

(3): If the amount of an instalment would be:

(a): one or more whole dollars and 0.5 cent; or
(b): one or more whole dollars and cents and 0.5 cent;

the amount is to be increased by 0.5 cent.

(4): If, apart from this subsection, the amount of an instalment would be less than $1.00, the amount is to be increased to $1.00.

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