## Commonwealth Numbered Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

### 1988 No. 87 CHILD SUPPORT REGULATIONS - REG 5

Conversion of amounts payable under registrable maintenance liabilities
```5. (1) Where, under an order or agreement in relation to a registrable
maintenance liability, the amount payable is a kind of periodic amount
specified in Column 2 of an item in the following table, the rate of payment
applicable in respect of a period specified in Column 3 of that item or a
subitem of that item is calculated in accordance with the formula set out in
that item or subitem in Column 4:
------------------------------------------------------------------------------
-- Column 1  Column 2       Column 3       Column 4
Item No. Kind of
periodic
amount         Period         Formula for rate of payment

------------------------------------------------------------------------------
-- 1         daily          (a)  week      (a)  PA x 7 = WR

(b)  month     (b)  DR x 30.4375 = MR

2         weekly         (a)  day       (a)  PA = DR

7
(b)  month     (b)  DR x 30.4375 = MR

3         monthly        (a)  day       (a)   PA   = DR

30.4375
(b)  week      (b)  DR x 7 = WR

4         yearly         (a)  day       (a)    PA  = DR

365.25
(b)  week      (b)  DR x 7 = WR

(c)  month     (c)  DR x 30.4375 =  MR

------------------------------------------------------------------------------
-- (2) Where, under an order or agreement in relation to a registrable
maintenance liability, the amount specified is a periodic amount in respect of
a period that is a multiple of one week, the weekly rate of payment is the
rate ascertained in accordance with the formula PA the rate ascertained in
accordance with the formula NW.

(3) Where, under an order or agreement in relation to a registrable
maintenance liability, the amount specified is a periodic amount in respect of
a period that is a multiple of one month, the monthly rate of payment is the
rate ascertained in accordance with the formula PA the rate ascertained in
accordance with the formula NM.

(4) In the calculation of a daily rate under the table in subregulation (1):

(a)  if, upon initial calculation, there is a sixth decimal place that is
greater than 4, the fifth decimal place shall be increased to the next
highest number; and

(b)  the final calculation shall be made to 5 decimal places.

(5) For the purposes of a formula appearing in this regulation:
DR   is the daily rate of payment;

MR is the monthly rate of payment;
NM is the number of months in respect of which the periodic amount is
specified;
NW is the number of weeks in respect of which the periodic amount is
specified;
PA is the periodic amount; and
WR is the weekly rate of payment. ```