Payments included in ETPs |
Payments not included in ETPs |
---|---|
A gratuity or golden handshake |
Accrued leave payments for unused annual leave and long service leave |
Genuine redundancy or early retirement scheme payments above the tax-free limit |
Genuine redundancy or early retirement scheme payments up to the tax-free limit |
Severance pay |
Salary, wages, allowances, bonuses and incentives owing to the employee for work done or leave already taken |
Super benefits (for example, a lump sum or income stream from a super fund) |
|
Payments in lieu of notice of termination |
Foreign termination payments |
Unused rostered days off (RDOs) |
Certain payments for restraint of trade |
Unused sick leave |
Certain payments for personal injury if the employee is compensated for their inability to be employed |
Compensation for loss of job |
Employee share scheme payments |
Compensation for wrongful dismissal, as long as it is paid within 12 months of the actual termination of employment |
An advance or loan |
Payments for loss of future super payments |
n/a |
Payments arising from an employee's termination because of ill health (invalidity), other than compensation for personal injury |
n/a |
Lump sum payments paid on the death of an employee |
n/a |