TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]

PART 5 - PAY AS YOU GO WITHHOLDING  

Division 1 - Rounding amounts  

REGULATION 23   ROUNDING AFTER AMOUNTS WORKED OUT  

23(1)  
This regulation applies to an amount that:


(a) has been worked out under a provision of this Part; and


(b) includes a number of cents that is less than a whole dollar.

23(2)  
If the amount is less than $1, it is to be disregarded.

23(3)  
If the amount is more than $1, or a multiple of $1, the number of cents by which it exceeds a whole dollar is to be disregarded.




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