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Foreign employment termination payments

Last updated 27 May 2013

An employment termination payment (ETP) that you received due to termination of your employment overseas is a foreign employment termination payment (foreign ETP):

  • where you were an Australian resident for the period of your employment
  • where the payment was exempt from income tax under that country's laws, and
  • whether or not your foreign employer has an Australian business number (ABN) or has given you a PAYG payment summary - employment termination payment.

Note: A foreign ETP is different from a foreign termination payment (FTP).