Commonwealth Numbered Regulations

SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) REGULATIONS 2022 (F2022L00155) - REG 15

             (1)  If any of the following amounts is an amount of whole dollars and an amount of cents, the amount is to be rounded up to the next dollar:

                     (a)  an amount of interest worked out under subsection 12(2) of the Act;

                     (b)  an amount of interest worked out under subsection 21(3) of the Act;

                     (c)  an amount of interest worked out under subsection 22(4) of the Act.

             (2)  If an amount to be paid or repaid under the Act by the Commissioner (other than an amount referred to in subsection (1)) is not a multiple of 5 cents, the amount is to be increased to the nearest multiple of 5 cents.