QLDIn ForceAct
Payroll Tax Act 1971
sec.95Cents to be disregarded for calculations
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### sec.95 Cents to be disregarded for calculations
This section applies if—
for this Act, it is necessary to do any of the following—
reduce an amount by a fixed sum for each other fixed sum by which another amount exceeds another amount or a certain proportion of a third amount;
calculate the proportion that 1 amount bears to another amount;
calculate an amount using a formula; and
if subsection (2) did not apply, 1 or more of the amounts mentioned in paragraph (a) , or an amount included in a formula, would be amounts of dollars and cents.
The cents must be disregarded.
s 95 amd 1995 No. 57 s 4 sch 1
sub 2004 No. 46 s 33
(sec.95-ssec.1) This section applies if— for this Act, it is necessary to do any of the following— reduce an amount by a fixed sum for each other fixed sum by which another amount exceeds another amount or a certain proportion of a third amount; calculate the proportion that 1 amount bears to another amount; calculate an amount using a formula; and if subsection (2) did not apply, 1 or more of the amounts mentioned in paragraph (a) , or an amount included in a formula, would be amounts of dollars and cents.
(sec.95-ssec.2) The cents must be disregarded.
- (a) for this Act, it is necessary to do any of the following— (i) reduce an amount by a fixed sum for each other fixed sum by which another amount exceeds another amount or a certain proportion of a third amount; (ii) calculate the proportion that 1 amount bears to another amount; (iii) calculate an amount using a formula; and
- (i) reduce an amount by a fixed sum for each other fixed sum by which another amount exceeds another amount or a certain proportion of a third amount;
- (ii) calculate the proportion that 1 amount bears to another amount;
- (iii) calculate an amount using a formula; and
- (b) if subsection (2) did not apply, 1 or more of the amounts mentioned in paragraph (a) , or an amount included in a formula, would be amounts of dollars and cents.
- (i) reduce an amount by a fixed sum for each other fixed sum by which another amount exceeds another amount or a certain proportion of a third amount;
- (ii) calculate the proportion that 1 amount bears to another amount;
- (iii) calculate an amount using a formula; and