Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe ETP cap amount for the 2007 - 2008 income year is $140,000. This amount is indexed annually.
Note 1: Subdivision 960 - M shows how to index amounts. However, annual indexation does not necessarily increase the ETP cap amount: see section 960 - 285.
Note 2: The ETP cap amount may be reduced for the purpose of working out tax offsets for individual employment termination payments.
Guide to Division 83
83 - A Unused annual leave payments
83 - B Unused long service leave payments
83 - C Genuine redundancy payments and early retirement scheme payments
83 - D Foreign termination payments
83 - E Other payments