A New Tax System (Goods and Services Tax) Regulations 1999 (repealed)

Part 4-7 - Special rules mainly about returns, payments and refunds  

Division 168 - Tourist refund scheme  

Subdivision 168-4 - Proportion of amount of GST for payment in cash  

168-5.11   Cash payment  

(1)    
For paragraphs 168-5(1)(e) and (1A)(g) of the Act, this regulation applies if:

(a) an amount of GST on a taxable supply is to be paid to an acquirer in cash; and

(b) the amount of GST is not an exact multiple of 5 cents.

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(2)    
If the amount of GST (the base amount ) ends with an amount that is more than an exact multiple of 5 cents but less that 2.5 cents, or more than an exact multiple of 5 cents but less than 7.5 cents:

(a) the base amount is to be rounded down to the nearest exact multiple of 5 cents; and

(b) the result is the proportion of the base amount that is to be paid to the acquirer.

(3)    
If the amount of GST (the base amount ) ends with an amount that is 2.5 cents or more, but less than an exact multiple of 5 cents, or 7.5 cents or more, but less than an exact multiple of 5 cents:

(a) the base amount is to be rounded up to the nearest exact multiple of 5 cents; and

(b) the result is the proportion of the base amount that is to be paid to the acquirer.