Revenue Legislation (Fee Unit Conversion) Amendment Regulation 2022 (Qld)

Part 1    Preliminary

1   Short title

This regulation may be cited as the Revenue Legislation (Fee Unit Conversion) Amendment Regulation 2022.

Part 2    Amendment of Duties Regulation 2013

2   Regulation amended

This part amends the Duties Regulation 2013.

3   Insertion of new s 3A

After section 3—
insert—

3A   Rounding of amounts expressed as numbers of fee units

(1)This section applies for working out the amount of a fee expressed in this regulation as a number of fee units.

(2)For the purpose of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded down to the nearest multiple of 5 cents.

Example—

Schedule 4, item (b) provides for a fee of 1.80 fee units. If the value of a fee unit for this regulation were $1.025, the number of dollars obtained by multiplying $1.025 by 1.80 would be $1.845. After rounding down, the amount of the fee would be $1.80.

4   Amendment of s 7 (Fee for instrument lodged on which duty is not imposed)

Section 7, ‘$42.70’—
omit, insert—

42.70 fee units

5   Amendment of sch 4 (Fee payable for administrative function)

Schedule 4, ‘$’—
omit, insert—

Fee units

Part 3    Amendment of Land Tax Regulation 2021

6   Regulation amended

This part amends the Land Tax Regulation 2021.

7   Amendment of s 3 (Application for clearance certificate—Act, s 63)

(1)Section 3(2)(a), ‘$35.80’—
omit, insert—

35.80 fee units

(2)Section 3(2)(b), ‘$44.35’—
omit, insert—

44.35 fee units

(3)Section 3—
insert—

(4)For working out the amount of a fee expressed in subsection (2) as a number of fee units, for the purpose of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded down to the nearest multiple of 5 cents.

Example for subsection (4)—

Subsection (2)(a) provides for a fee of 35.80 fee units. If the value of a fee unit for this regulation were $1.025, the number of dollars obtained by multiplying $1.025 by 35.80 would be $36.695. After rounding down, the amount of the fee would be $36.65.

Part 4    Amendment of Mineral Resources Regulation 2013

8   Regulation amended

This part amends the Mineral Resources Regulation 2013.

9   Insertion of new s 101A

After section 101—
insert—

101A    Rounding of amount expressed in sch 5, pt 8 as number of fee units

(1)This section applies for working out the amount of the fee expressed in schedule 5, part 8 as a number of fee units.

(2)For the purpose of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded down to the nearest multiple of 5 cents.

Example—

Schedule 5, part 8, item 1 provides for a fee of 206.70 fee units. If the value of a fee unit for this regulation were $1.025, the number of dollars obtained by multiplying $1.025 by 206.70 would be $211.8675. After rounding down, the amount of the fee would be $211.85.

10   Amendment of sch 5 (Fees)

Schedule 5, part 8, ‘$’—
omit, insert—

Fee units

Part 5    Amendment of Petroleum and Gas (Royalty) Regulation 2021

11   Regulation amended

This part amends the Petroleum and Gas (Royalty) Regulation 2021.

12   Amendment of s 39 (Fee for failing to lodge royalty return on time)

(1)Section 39(2), ‘$206.70’—
omit, insert—

206.70 fee units

(2)Section 39—
insert—

(6)For working out the amount of the fee expressed in subsection (2) as a number of fee units, for the purpose of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded down to the nearest multiple of 5 cents.

Example for subsection (6)—

Subsection (2) provides for a fee of 206.70 fee units. If the value of a fee unit for this regulation were $1.025, the number of dollars obtained by multiplying $1.025 by 206.70 would be $211.8675. After rounding down, the amount of the fee would be $211.85.

Part 6    Amendment of State Penalties Enforcement Regulation 2014

13   Regulation amended

This part amends the State Penalties Enforcement Regulation 2014.

14   Insertion of new s 3A

After section 3—
insert—

3A   Rounding of amounts expressed as numbers of fee units

(1)This section applies for working out the amount of a fee expressed in this regulation as a number of fee units.

(2)For the purpose of the Acts Interpretation Act 1954, section 48C(3), the amount is to be rounded down to the nearest multiple of 5 cents.

Example—

Section 22 provides for a fee of 123.65 fee units. If the value of a fee unit for this regulation were $1.025, the number of dollars obtained by multiplying $1.025 by 123.65 would be $126.74125. After rounding down, the amount of the fee would be $126.70.

15   Amendment of ss 22 and 23

Sections 22 and 23, ‘$123.65’—
omit, insert—

123.65 fee units

16   Amendment of s 27 (Registration fee)

Section 27, ‘$73.80’—
omit, insert—

73.80 fee units