Commonwealth Consolidated Regulations

INCOME TAX REGULATIONS 1936 - REG 2

         (1)   In these Regulations, unless the contrary intention appears:

"ABN" (Australian Business Number) has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999 .

"effective" , in relation to an address, means that the person to whom the address relates will receive documents delivered to the address.

"ESS interest" has the meaning given by susbsection 83A-10 (1) of the Income Tax Assessment Act 1997.

"preferred address for service" has the meaning given by regulation 36.

"tax file number" , in relation to an employee, means the number that is the employee's tax file number for the purposes of
Part VA of the Act.

"the Act" means the Income Tax Assessment Act 1936 .

         (3)   If:

                (a)    a provision of these Regulations requires the number of cents in an amount to be worked out to the nearest 5 cents; and

               (b)    an amount to which the provision applies is not a whole number that ends in a 0 or a 5;

the provision is satisfied if the amount is rounded to the nearest number of whole cents ending in a 0 or a 5, and if the amount to be rounded ends in 2.5 or 7.5, rounded up.