TERMINATION PAYMENTS TAX (ASSESSMENT AND COLLECTION) ACT 1997 (REPEALED)
PART 1
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PRELIMINARY
SECTION 5
5
OBJECT OF ACT
The object of this Act is to provide for the assessment and collection of the termination payments surcharge. The surcharge is payable on payments of kinds commonly known as golden handshakes that are made to high-income taxpayers in consequence of the termination of their employment.
The object of this Act is to provide for the assessment and collection of the termination payments surcharge. The surcharge is payable on payments of kinds commonly known as golden handshakes that are made to high-income taxpayers in consequence of the termination of their employment.
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