Rounding off indexed amounts
59E Rounding off indexed amounts
If a provisional indexed amount is a multiple of the rounding base, the provisional indexed amount becomes the indexed amount.
For provisional indexed amount see step 3 in subsection 59C(2).
For rounding base see the CPI Indexation Table in section 59B.
If a provisional indexed amount is not a multiple of the rounding base, the indexed amount is the provisional indexed amount rounded up or down to the nearest multiple of the rounding base.
If a provisional indexed amount is not a multiple of the rounding base but is a multiple of half the rounding base, the indexed amount is the provisional indexed amount rounded up to the nearest multiple of the rounding base.
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