I have a couple of queries on this section. I do not want the Minister or anybody else to feel that I am raising these points in a niggardly fashion or to delay the legislation. My main purpose is to get clarification and to ensure that there are no bottlenecks in the procedure we are putting in place to enable the payments to be made as quickly as possible.
Under section 2(2), the method of calculation is three times the former employee's normal weekly remuneration, within the meaning of the Redundancy Payments Act, 1967. What is the advantage of making the calculation on the basis of the normal weekly remuneration as against the annual remuneration?
Section 2(3) states that the lump sum shall not exceed £50,000. The Minister has indicated that only five people will be involved. However, Senator Mooney asked if we are talking about £50,000 net or £50,000 subject to tax. That is very important. I am in no position to crow from this side of the House but we are dealing with very niggardly sums which should be exempt from tax.