Land Tax Act 2004

If an amount worked out under this Act contains a fraction of a cent, the amount must be rounded to the nearest cent, with ½ a cent being disregarded.

However, in working out the average unimproved value under section 15 (3) (Multiple dwellings), section 16 (2) (Land partly owned by corporation or trustee) or section 27 (4), (5) or (6) (Unit subdivisions—land tax), any fraction of a dollar in the amount worked out must be disregarded.

The Taxation Administration Act, section 123 (Adjustments of amounts) does not apply in working out an amount under this Act.