TAXATION ADMINISTRATION ACT 1953 - SECT 16B Certain liabilities to be reduced to nearest multiple of 5 cents
TAXATION ADMINISTRATION ACT 1953 - SECT 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.