The Superannuation Legislation Amendment (Simplification) Act 2007 has abolished ETPs and RBLs from 1 July 2007.
For the 2006-07 and earlier years, exempt amounts that were taken to be ETPs (for small business individuals) or paid as ETPs (for companies and trusts) were not subject to tax in the hands of the individual, unless they exceeded the recipient's reasonable benefit limit (RBL).
A payment or contribution made under the retirement exemption from the 2007-08 year is not required to be reported.