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
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.
View history note
Hide history noteSECTION 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 |
| 2020 / 21 | $ 215,000 |
| 2021 / 22 | $ 225,000 |
| 2022 / 23 | $ 230,000 |
| 2023 / 24 | $ 235,000 |
| 2024 / 25 | $ 245,000 |
| 2025 / 26 | $ 260,000 ] |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.