A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 4 - Indexation and adjustment of amounts  

Note:

See section 85 .

Part 2 - Indexation  

6   Rounding off indexed amounts  

(1)    
If a provisional indexed amount is a multiple of the rounding base, the provisional indexed amount becomes the indexed amount.

(2)    
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.

(3)    
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.