Betting Tax Act 2018
sec.63Cents to be disregarded for particular calculations
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sec.63 Cents to be disregarded for particular calculations
This section applies if— for this Act, it is necessary to— calculate the proportion that 1 amount bears to another amount; or calculate an amount using a formula; and 1 or more of the amounts mentioned in paragraph (a) , or an amount included in a formula, would, if subsection (2) did not apply, be amounts of dollars and cents. The cents must be disregarded. (sec.63-ssec.1) This section applies if— for this Act, it is necessary to— calculate the proportion that 1 amount bears to another amount; or calculate an amount using a formula; and 1 or more of the amounts mentioned in paragraph (a) , or an amount included in a formula, would, if subsection (2) did not apply, be amounts of dollars and cents. (sec.63-ssec.2) The cents must be disregarded.
- (a) for this Act, it is necessary to— (i) calculate the proportion that 1 amount bears to another amount; or (ii) calculate an amount using a formula; and
- (i) calculate the proportion that 1 amount bears to another amount; or
- (ii) calculate an amount using a formula; and
- (b) 1 or more of the amounts mentioned in paragraph (a) , or an amount included in a formula, would, if subsection (2) did not apply, be amounts of dollars and cents.
- (i) calculate the proportion that 1 amount bears to another amount; or
- (ii) calculate an amount using a formula; and