Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1984No. 123, 1984 - SECT 325

325. After section 11 of the Principal Act the following section is inserted:
Adjustment where amount to be paid by, or refunded to, person does not exceed
49 cents

"11A. Where-

   (a)  an amount of interest payable to a person under this Act is applied in
        discharge of a liability of the person to the Commonwealth; and

   (b)  the amount (if any) remaining to be paid (in this section referred to
        as the 'net amount') by the person in relation to that liability or to
        the person under this Act, as the case requires, would, but for this
        section, be less than 50 cents, then, by force of this section, the
        net amount shall cease to be payable by the person or to the person,
        as the case may be.".