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Edited version of private ruling
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Ruling
Subject: Income - eligible termination payment
Is the assessable portion of your eligible termination payment included in the 2009-10 income year?
Yes.
This ruling applies for the following period:
Year ended 30 June 2010
Year ended 30 June 2011
The scheme commenced on:
1 July 2009
The ruling that is the subject of this scheme:
You received an eligible termination payment.
Relevant legislative provisions:
Income Tax Assessment Act 1997 Section 6-5.
Reasons for decision
Section 6-5(4) of the ITAA 1997 says that assessable ordinary income has been derived when you receive the amount or you have a choice as to what to do
In your case this would be when the payment was made into your bank account or you received the payment.