Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If, during the contract period, a person makes a repayment of an amount that is less than the amount outstanding, the person is entitled, in respect of the repayment, to a discount of an amount worked out using the formula:
(2) If, during the contract period, a person makes a repayment of an amount that is equal to the amount outstanding, the person is entitled, in respect of the repayment, to a discount of an amount worked out using the formula:
(3) If, apart from this subsection, an amount worked out under
subsection (1) or (2) would be an amount of dollars and cents, the
amount is to be rounded to the nearest number of whole dollars (rounding 50
cents upwards).