Treasury Laws Amendment (ASIC Fees) Regulations 2018 (F2018L00965)

Schedule 1   Main amendments

National Consumer Credit Protection (Fees) Regulations 2010

35   Regulation 7

Repeal the regulation, substitute:

7 Rounding of fees

If an amount worked out using Part 1 or 2 of Schedule 1 or Schedule 2 (including any alteration in accordance with Part 3 of Schedule 1 or regulation 6) is an amount of dollars and cents:

(a) if the amount of cents is at least 50 cents - the amount is to be rounded up to the nearest dollar; or

(b) otherwise - the amount is to be rounded down to the nearest dollar.