87—Rounding of fees and refunds
(1) In calculating a
fee or refund payable under the Act (other than a fee referred to in
subregulation (2), (2a) or (2b)) a fraction of 10 cents not exceeding
5 cents must be excluded and a fraction of 10 cents exceeding 5
cents is to count as 10 cents.
(2) In calculating the
fees payable for—
(a) the
registration of a motor vehicle; or
(b) the
issue of a trade plate; or
(c) the
issue of a replacement trade plate; or
(d) the
issue of a probationary licence or provisional licence,
a fraction of 1 dollar is to count as 1 dollar.
(2a) The following
provisions apply in relation to calculating the monthly payment to be debited
to an account for the purposes of the periodic payment scheme under
section 24A of the Act:
(a) in
calculating the quarterly registration fee that is to be divided by 3, a
fraction of 1 dollar is to count as 1 dollar;
(b) in
calculating the monthly amount to be so debited, a fraction of 1 cent is
to be excluded.
(2b) In calculating
the periodic payment (other than monthly payment) to be debited to an account
for the purposes of the periodic payment scheme under section 24A of the Act,
a fraction of 1 dollar is to count as 1 dollar.
(3) In applying this
regulation, the calculation to the nearest 10 cents or to the whole next
dollar is to be applied only to the final amount payable.