s 26
In forceRounding amounts for PAYG withholding
Part 3Income tax (Chapter 2 in Schedule 1 to the Act)
Division 1Preliminary
26 Rounding amounts for PAYG withholding
(1)
This section applies to:
(a)
the amount of a payment that is to be dealt with under a provision of Division 2 or 3 of this Part; and
(b)
an amount that has been worked out under a provision of Division 2 or 3 of this Part.
(2)
If the amount is less than $1, disregard the amount.
(3)
If the amount is more than $1 and includes a number of cents that is less than a whole dollar, disregard the number of cents by which the amount exceeds the whole dollar.
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