Document ID: chunk:federal_register_of_legislation:F2025C00013:reg:26
Version: federal_register_of_legislation:F2025C00013
Segment Type: reg
Provision Reference: reg 26
Character Range: 26272–26914

26  Rounding amounts for PAYG withholding
 (1) This section applies to:
 (a) the amount of a payment that is to be dealt with under a provision of Division 2 or 3 of this Part; and
 (b) an amount that has been worked out under a provision of Division 2 or 3 of this Part.
 (2) If the amount is less than $1, disregard the amount.
 (3) If the amount is more than $1 and includes a number of cents that is less than a whole dollar, disregard the number of cents by which the amount exceeds the whole dollar.

Division 2—Pay as you go (PAYG) withholding—Payments from which amounts must be withheld

Subdivision A—Payments for work or services