A New Tax System (Pay As You Go) Act 1999 (178 of 1999)
Schedule 2 Running balance accounts, general interest charge and related matters
Part 2 General interest charge
Taxation Administration Act 1953
78 After section 8AAG
Insert:
8AAGA Rounding of the charge
If the amount of the charge payable for any period is not a multiple of 5 cents, the Commissioner may round it down to the nearest multiple of 5 cents.
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