Victorian Current Acts

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TAXATION ADMINISTRATION ACT 1997 - SECT 118

Adjustments for fraction of a dollar

    (1)     If a single amount of tax payable by a taxpayer is not a multiple of a dollar, the Commissioner may decrease the amount but not lower than the nearest dollar.

    (2)     If the Commissioner aggregates two or more amounts of tax that are payable by a taxpayer and the aggregated amount is not a multiple of a dollar, the Commissioner may decrease the aggregated amount but not lower than the nearest dollar.



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