## Tasmanian Numbered Regulations

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GOVERNMENT PRICES OVERSIGHT (MAIB PREMIUMS) ORDER 2006 (S.R. 2006, NO. 101) - REG 8

**Maximum quarterly and half-yearly premiums**

(1) The maximum premium for a 3-month period that the Board may
determine to be payable at any time in a year in respect of a heavy vehicle
registered for such reduced period is the sum of the following amounts,
rounded to the nearest 5 cents: (a) the amount calculated in accordance with
the following formula:

(b) 6% of the amount calculated under
paragraph (a) .

(2) The maximum premium for a 6-month period that
the Board may determine to be payable at any time in a year for a vehicle is
the sum of the following amounts, rounded to the nearest 5 cents: (a) the
amount calculated in accordance with the following formula:

(b) 3% of the
amount calculated under paragraph (a) .

(3) If a premium payable
under this clause is not exactly divisible by 5, the remainder of that premium
after dividing by 5 is to be – (a) if the number of cents remaining
is less than 2.5 but more than 0, rounded down to the nearest amount exactly
divisible by 5; or

(b) if the number of cents remaining is 2.5 or more but
less than 5, rounded up to the nearest amount exactly divisible by 5.

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