Class Ruling

CR 2025/16A1 - Addendum

The Trustee for Protect Severance Scheme No 2 - workers in receipt of severance payments

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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Class Ruling 2025/16 to update the criteria for payments assessable as employment termination payments.

CR 2025/16 is amended as follows:

1. Paragraph 7

Omit the wording of dot point 5; substitute:

•

payments of both Prescribed Amount components and Additional Amount components, made to DTA Workers of pension age, where the termination is by reason of genuine redundancy.

This Addendum applies from 1 January 2025 to 30 June 2030.

Commissioner of Taxation
23 July 2025

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References

ATO references:
NO 1-12SW9QFD

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