Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf a payment you receive in consequence of the termination of your employment is made more than 12 months after the termination of your employment, it does not qualify as an employment termination payment, subject to certain exceptions (see section 82 - 130).
The payment is treated as assessable income and no tax concession is allowed under Division 82.
Table of sections
Operative provisions
83 - 295 Termination payments made more than 12 months after termination etc.