## Tasmanian Numbered Regulations

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GOVERNMENT PRICES OVERSIGHT (MAIB PREMIUMS) ORDER 2006 (S.R. 2006, NO. 101) - REG 7

**Maximum annual premium in third year**

(1) The maximum premium for a 12-month period that the Board may
determine to be payable at any time in the third year in respect of a motor
vehicle of any class is the product, rounded to the nearest whole dollar,
of – (a) the maximum premium that may be determined to be payable in
the second year in respect of that motor vehicle; and

(b) the escalator index
for the third 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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