Document ID: chunk:federal_register_of_legislation:C2023A00120:clause:4_5
Version: federal_register_of_legislation:C2023A00120
Segment Type: clause
Provision Reference: sch 4 cl 5
Character Range: 182765–183196

5  Rounding of penalty amounts
  If, after indexation under clause 4, the amount of a monetary penalty applying in a year is:
 (a) less than $10,000 and not a multiple of $100:
 (i) the amount must be rounded to the nearest $100; and
 (ii) an amount of $50 is rounded down; or
 (b) more than $10,000 and not a multiple of $1,000:
 (i) the amount must be rounded to the nearest $1,000; and
 (ii) an amount of $500 is rounded down.