BNET Business Dictionary

Business Definition for: Eligible Termination Payment

a sum paid to an employee when he or she leaves a company, that can be transferred to a concessionally taxed investment account, such as an Approved Deposit Fund.
Abbr. ETP

Additional Resources

[1237] Tax-free bona fide redundancy payment: ATO Decision Impact Statement.: Byline: Lisa Mak Jul 09, 2007 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Taxation Office ATO has published a Decision Impact Statement in relation to the decision in "Long and FCT [2007] AATA 1269". The case concerned the question of whether...; Tags: Australian Taxation Office, FINANCE, Taxes; Research articles 2007-07-09
[904] Dismissal settlement ETP a redundancy payment (in part).: Jun 06, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) The Administrative Appeals Tribunal has issued its ruling in the case of Dibb v Commissioner of Taxation. The tribunal rejected the taxpayer's claim that the Australian Taxation Office exceeded its authority when it...; Tags: Australian Taxation Office, Benefits, entitlement, FINANCE, settlement, Taxes; Research articles 2005-06-06
Termination dilemma: the carrot or the stick?: Apr 28, 2002 The Australian Financial Review ABIX via COMTEX -- Australians who cash in a superannuation lump sum payment they receive on leaving a job are taxed more heavily. The move is part of an attempt by the Australian Government to encourage ...; Tags: Australian Taxation Office, FINANCE, Taxes, termination; Research articles 2002-04-28
Dismal dismissal.: Sep 19, 2003 (BRW - ABIX via COMTEX) The Federal Court was recently asked to hear an appeal against a decision of the Australian Taxation Office ATO. The case involved Raymond Dibb, a former executive of Avco Financial Services. Dibb was dismissed by Avco...; Tags: Australian Taxation Office, FINANCE, payout, Taxes, termination; Research articles 2003-09-19
[1828] RBL excessive benefits determination upheld.: Byline: Stuart Jones Oct 15, 2006 (Weekly Tax Bulletin - ABIX via COMTEX) -- A former member of the New South Wales police has lost his case before the Administrative Appeals Tribunal AAT. The policeman had received three separate eligible termination payment ETP...; Tags: Australian Taxation Office, benefit, FINANCE, Taxes; Research articles 2006-10-15

[836] Super death benefit tax-free for interdependent mother and son.: May 29, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) The Australian Taxation Office ATO addresses interdependency relationships in "Interpretative Decision ID 2005/143". The decision permits mothers to receive a superannuation death benefit eligible termination payment ETP tax free in respect of a deceased...; Tags: Australian Taxation Office, benefit, FINANCE, Taxes; Research articles 2005-05-30
Hard work surviving the Golden Handshake.: Dec 10, 2001 Herald Sun ABIX via COMTEX -- Redundancies are a sign of uncertain times in Australia. Everyone is at risk of being retrenched, from ordinary workers to managing directors. Those who are about to be retrenched should familiarise themselves with all aspects...; Tags: Macquarie Bank Ltd.; Research articles 2001-12-09
[946] ETPs; assessable income for umpires.: Jun 14, 2005 (Weekly Tax Bulletin - ABIX via COMTEX) On 1 June 2005, the Australian Taxation Office released two class rulings. They are: CR 2005/42 - Income tax: Eligible Termination Payments - Industry Restructure Payment and Industry Restructure Payment Voluntary Departure under...; Tags: Australian Taxation Office, FINANCE, income, Taxes; Research articles 2005-06-14
Solo super crackdown.: Byline: Karina Barrymore Jun 04, 2006 (Herald Sun - ABIX via COMTEX) -- The Australian Taxation Office ATO plans to scrutinise self-managed superannuation funds in 2006. It will allocate extra funds and resources to check the tax returns of the funds and their...; Tags: Australian Taxation Office, benefit, FINANCE, Taxes; Research articles 2006-06-04

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