Queensland Consolidated Acts

ACTS INTERPRETATION ACT 1954 - SECT 48C

48C Working out amounts

(1) An Act may express a fee or other matter as a number (whether whole or fractional) of fee units.

(2) The Act may also provide for how an amount is to be rounded for the purpose of subsection (3) .

(3) The amount of the fee or other matter is the number of dollars obtained by—

(a) multiplying the value of a fee unit for the Act by the number of fee units; and

(b) rounding the result—

(i) if the Act provides for how the result is to be rounded—in that way; or

(ii) otherwise—to the nearest cent (rounding one-half upwards).

Example—

A regulation under section 48B prescribes $1.015 to be the value of a fee unit for an Act. The Act provides for a licence fee of 120.44 fee units and does not provide for how amounts are to be rounded for the purpose of this subsection. The number of dollars obtained by multiplying $1.015 by 120.44 is $122.2466. So, after rounding, the amount of the licence fee is $122.25.