Commonwealth Consolidated Regulations

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CHILD SUPPORT (ASSESSMENT) REGULATIONS 1989 - REG 8A

Conversion of periodic amounts into annual rates

                If a child support agreement refers to a periodic amount of payment (in this regulation referred to as the periodic amount ) the annual rate of payment (in this regulation referred to as the annual rate ) in respect of the periodic amount is to be assessed as follows:

                (a)    in the case of a daily amount -- in accordance with the following formula: ; and

               (b)    in the case of a weekly amount -- in accordance with the following formula: ; and

                (c)    in the case of a periodic amount that is in respect of a period that is a multiple of one week -- in accordance with the following formula: ; and

               (d)    in the case of a monthly amount -- in accordance with the following formula: ; and

                (e)    in the case of a periodic amount that is in respect of a period that is a multiple of one month -- in accordance with the following formula: ; and

                (f)    in the case of a yearly amount -- in accordance with the following formula: ;

where:

"AR" is the annual rate; and

"NM" is the number of months in respect of which the periodic amount is specified; and

"NW" is the number of weeks in respect of which the periodic amount is specified; and

"PA" is the periodic amount.



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