Taxation Administration Regulations 2017

PART 3 - INCOME TAX (CHAPTER 2 IN SCHEDULE 1 TO THE ACT)  

Division 1 - Preliminary  

SECTION 26   ROUNDING AMOUNTS FOR PAYG WITHHOLDING  

26(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.

26(2)    
If the amount is less than $1, disregard the amount.

26(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.