Payments to include in employee's ETP:
- a gratuity or golden handshake
- genuine redundancy or early retirement scheme payments above the tax-free limit
- severance pay
- non-genuine redundancy
- payments in lieu of notice of termination
- unused rostered days off (RDOs)
- unused sick leave
- compensation for loss of job
- compensation for wrongful dismissal, as long as it is paid within 12 months of the actual termination of employment
- payments for loss of future super payments
- payments arising from an employee's termination because of ill health (invalidity), other than compensation for personal injury
- lump sum payments paid on the death of an employee
Payments not included in employee's ETPs:
- accrued leave payments for unused annual leave and long service leave
- genuine redundancy or early retirement scheme payments up to the tax-free limit
- 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)
- foreign termination payments
- certain payments for restraint of trade
- certain payments for personal injury if the employee is compensated for their inability to be employed
- employee share scheme payments
- an advance or loan.