CTHRepealedLegislation
Taxation Administration Regulations 1976
23Rounding after amounts worked out
Start here
Get a plain-English read of 23
Turn the raw legal text into a practical explanation grounded in Taxation Administration Regulations 1976.
23 Rounding after amounts worked out
(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. (2) If the amount is less than $1, it is to be disregarded. (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.