Taxation Administration Act 1953

PART V - MISCELLANEOUS  

SECTION 16B  

16B   CERTAIN LIABILITIES TO BE REDUCED TO NEAREST MULTIPLE OF 5 CENTS  

If the amount of a tax-related liability that arises by way of penalty or because it is assessed by the Commissioner (other than an RBA deficit or a liability to pay the general interest charge) is not a multiple of 5 cents, the amount is decreased to the nearest multiple of 5 cents.