Class Ruling

CR 2005/42W

Income tax: Eligible Termination Payments - Industry Restructure Payment and Industry Restructure (Voluntary Departure) Payment under the Victorian Forestry Worker Assistance Program

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FOI status:

Notice of Withdrawal

Class Ruling CR 2005/42 is withdrawn with effect from 1 June 2005.

1. Class Ruling CR 2005/42 determined that the Industry Restructure Payments and Industry Restructure (Voluntary Departure) Payments made to eligible employees under the Victorian Forestry Worker Assistance Program administered by the Department of Victorian Communities (DVC) are assessable as eligible termination payments (ETP) under subsection 27A(1) of the Income Tax Assessment Act 1936.

2. CR 2005/42 is being withdrawn as the DVC no longer wishes the question of whether the payments are ETPs to be considered.

Commissioner of Taxation
3 August 2005

References

ATO references:
NO 2003/11684