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Edited version of private ruling
Authorisation Number: 1011741185847
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Ruling
Subject: Genuine redundancy
The ruling concerned the following:
Is any part of an employer termination payment (ETP) received, exempt from tax as a genuine redundancy payment in accordance with section 83-175 of the Income Tax Assessment Act 1997 (ITAA 1997)?
The Commissioner ruled:
No part of the ETP received is exempt from tax as a genuine redundancy payment, as it does not satisfy all of the requirements of section 83-175 of the ITAA 1997 to qualify as a genuine redundancy payment.