Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

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.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback