TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) ACT 1983

PART IIIB - ADJUSTMENT OF INTEREST  

SECTION 12F   12F   ADJUSTMENT WHERE AMOUNT TO BE PAID BY, OR REFUNDED TO, PERSON DOES NOT EXCEED 49 CENTS  
If:

(a) an amount of interest payable to a person under this Act is applied in discharge of a liability of the person to the Commonwealth; and

(b) the amount (if any) remaining to be paid (the ``net amount'' ) by the person in relation to that liability is less than 50 cents;

the net amount is not payable by the person.