AustLII Tasmanian Numbered Regulations

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GOVERNMENT PRICES OVERSIGHT (MAIB PREMIUMS) ORDER 2006 (S.R. 2006, NO. 101) - REG 6

Maximum annual premium in second year

(1)  The maximum premium for a 12-month period that the Board may determine to be payable at any time in the second year in respect of a motor vehicle of any class is the product, rounded to the nearest whole dollar, of –
(a) the maximum premium specified in Schedule 1 for that class of motor vehicle; and
(b) the escalator index for the second year.
(2)  An amount that is dollars and a number of cents is rounded to the nearest dollar –
(a) if the number of cents is 50 or more, by increasing that amount to the next whole dollar; or
(b) if the number of cents is less than 50, by deducting those cents from that amount.



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