Commonwealth Consolidated Regulations

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CHILD SUPPORT (REGISTRATION AND COLLECTION) REGULATIONS 1988 - REG 5

Conversion of amounts payable under registrable maintenance liabilities (Act s 29)

         (1)   For the conversion of amounts payable under a registrable maintenance liability that are quantified by reference to a period, or multiple of a period, specified in the following table into a rate of payment quantified by reference to another such period, or a multiple of such period, those periods are taken to comprise the number of days respectively specified in the table:

 

Period

Number of days in the period

Week

7

Fortnight

14

4 weeks

28

Month

30.4375

Year

365.25

         (2)   If an amount per day is worked out, the amount in dollars is to be rounded to 5 decimal places by increasing the fifth decimal place by 1 if the sixth decimal place is 5 or more.



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