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.
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