INCOME TAX ASSESSMENT ACT 1997
CHAPTER 2
-
LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
-
RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
The ETP cap amount for the 2007-2008 income year is $140,000. This amount is indexed annually.
Division 82
-
Employment termination payments
Subdivision 82-C
-
Key concepts
Operative provisions
SECTION 82-160
82-160
What is the
ETP cap amount
?
The ETP cap amount for the 2007-2008 income year is $140,000. This amount is indexed annually.
Note 1:
Subdivision 960-M shows how to index amounts. However, annual indexation does not necessarily increase the ETP cap amount: see section 960-285 .
Note 2:
The ETP cap amount may be reduced for the purpose of working out tax offsets for individual employment termination payments.
[ CCH Note: The indexed ETP cap amounts are:
2008/09 | $145,000 |
2009/10 | $150,000 |
2010/11 | $160,000 |
2011/12 | $165,000 |
2012/13 | $175,000 |
2013/14 | $180,000 |
2014/15 | $185,000 |
2015/16 | $195,000 |
2016/17 | $195,000 |
2017/18 | $200,000 |
2018/19 | $205,000 |
2019/20 | $210,000] |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.