TERMINATION PAYMENTS TAX (ASSESSMENT AND COLLECTION) ACT 1997 (REPEALED)
In this Act, unless the contrary intention applies:
adjusted taxable income
of a taxpayer has the same meaning as
adjusted taxable income
of a member has in the
Superannuation Contributions Tax (Assessment and Collection) Act 1997
.
assessment
means an assessment made under subsection
11(1)
.
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authorised officer
means a person engaged under the
Public Service Act 1999
who has been authorised in writing by the Commissioner for the purposes of the provision in which the expression occurs.
Commissioner
means the Commissioner of Taxation.
Deputy Commissioner
means a Deputy Commissioner of Taxation.
general interest charge
means the charge worked out under Part
IIA
of the
Taxation Administration Act 1953
.
Income Tax Assessment Act
means the
Income Tax Assessment Act 1936
.
(Repealed by Act No 11 of 1999)
late payment penalty
means general interest charge payable under section
16
or
16A
.
post-June 1994 invalidity component
of an eligible termination payment has the meaning given by subsection
27A(1)
of the Income Tax Assessment Act.
retained amount
has the meaning given by section
27AC
of the Income Tax Assessment Act.
Second Commissioner
means a Second Commissioner of Taxation.
surcharge threshold
has the meaning given by section
10
.
taxpayer
means an individual who is a taxpayer for the purposes of the Income Tax Assessment Act but does not include an individual acting as a trustee.
termination payment
has the meaning given by subsection
7(2)
.
termination payments surcharge
or
surcharge
means the tax imposed by the
Termination Payments Tax Imposition Act 1997
.
the 1996-97 financial year
means the financial year that started on 1 July 1996.
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