A transitional termination payment is a payment to which 'transitional arrangements' apply. Transitional arrangements apply to an ETP:
- made to you on or after 1 July 2007 and before 1 July 2012, and
- to which you were entitled on 9 May 2006 under
- a written contract
- an Australian or foreign law (or an instrument under such a law), or
- a workplace agreement under the Fair Work (Transitional Provisions and Consequential Amendments) Act 2009.
The contract, law or agreement must specify the amount of the payment or a way to work out the specific amount of the payment.