TERMINATION PAYMENTS TAX IMPOSITION AMENDMENT ACT 1997 NO. 188 OF 1997 - SCHEDULE 1--Amendment of the Termination Payments Tax Imposition Act SECT 1997

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TERMINATION PAYMENTS TAX IMPOSITION AMENDMENT ACT 1997 NO. 188 OF 1997 - SCHEDULE 1--Amendment

of the Termination Payments Tax Imposition Act SECT 1997

1 Subsection 5(1)

After "percentage", insert "(calculated to 5 decimal places)".

2 After subsection 5(1)

Insert:

(1A) If the percentage calculated under subsection (1) for a financial year would, if it were worked out to 6 decimal places, end with a number greater than 4, the number so calculated is increased by 0.00001.

(183/97)

Minister's second reading speech made in

House of Representatives on 2 October 1997

Senate on 22 October 1997]

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