Does anyone know how we are taxed if we sign this 'Deed of Company Arrangement'
and receive a portion of the full amount we are owed?

a) Are we taxed as having received a lump sum of money and it is added to our
annual taxable income regadless of the circumstances? OR

b) Is the full amount owing taken into consideration and thus the previous
netted amount becomes tax free on the portion we are given? OR

c) Are different components of the whole (ie Annual Leave, Severance, etc) taxed
differently? If so how?

d) Other?


Also, will tax be taken out of the amounts we receive from Deloites? If so will
these tax calculations be included in the new summary of owed payments which
has been promised will be sent out to us now that severance pay has been
included?

Regards,
Jim.


[Non-text portions of this message have been removed]