Section 59E — Veterans' Entitlements Act 1986: Rounding off indexed amounts
Text of the provision Official document
(1) If a provisional indexed amount is a multiple of the rounding base, the provisional indexed amount becomes the indexed amount. Note 1: For provisional indexed amount see step 3 in subsection 59C(2). Note 2: For rounding base see the CPI Indexation Table in section 59B. (2) If a provisional indexed amount is not a multiple of the rounding base, the indexed amount is the provisional indexed amount rounded up or down to the nearest multiple of the rounding base. (3) If a provisional indexed amount is not a multiple of the rounding base but is a multiple of half the rounding base, the indexed amount is the provisional indexed amount rounded up to the nearest multiple of the rounding base.
Official source: Federal Register of Legislation
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