Taxing and structuring termination payments paper

Published on 09 May 09 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

The current economic climate has seen an increase in the number of terminations occurring, particularly on the grounds of redundancy. This paper reviews the latest measures and highlights the issues and strategies on all aspects surrounding termination payments.

Topics covered include:

• employment termination payments
• genuine redundancy payments including non-arm's length dealings e.g. directors
• restraint of trade payments - when excluded from ETP treatment
• lump sum leave payments - annual and long service leave
• excess payments and Section 109
• paperwork and withholding obligations
• areas of potential concern.

Author profile

Glynn Flaherty CTA

Glynn Flaherty, CTA, Payroll Matters Glynn is a Director with Payroll Matters Pty Ltd. Payroll Matters contributes to many technical payroll publications, advises on taxation software products and provides a national payroll assistance service. Based in South Australia, Payroll Matters have extensive experience in advising a diverse range of employers from large publicly listed companies, to many charitable bodies and not-for-profit organisations on all aspects relating to payroll. - Current at 04 December 2013

More by Glynn FLAHERTY

• Superannuation guarantee - What you need to know paper - 05-December-2013
• Payroll tax harmonisation - A practioner's perspective paper - 25-July-2013
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• Payroll tax - Exemptions/concessions/rebates post harmonisation paper - 06-August-2009
• Payroll tax: Contractors paper - 11-July-2008

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