Commonwealth Consolidated Regulations

CHILD SUPPORT (ASSESSMENT) REGULATIONS 1989 - REG 8

         (1)   For section 69 of the Act, an annual rate of child support is to be converted into a daily rate by using the formula:

where:

"DR" is the daily rate of payment; and

"AR" is the annual rate of payment.

         (2)    In calculating a conversion, the calculation must be made to 6 decimal places and:

                (a)    if the final figure is greater than 4 -- the second-last figure must be increased by 1 and the final figure then disregarded; and

               (b)    if the final figure is 4 or less, it must be disregarded.