Global Payroll Australia - Employment Termination Payment

“ Employment Termination Payments

The Tax Laws Amendment (2012 Measures No. 3) Bill 2012, which includes the 'Employment Termination Payment' tax offset measure, received Royal assent on 21 June.

The ATO will publish draft copies of the ETP Payment Summary Paper Form, ETP Tax Table and the Electronic reporting specification for the ETP payment summary during last week of June. The draft copies so released would be finalised sooner. Resolution target dates will be announced once the final specification is released. We advise customers to review the position statement to keep up-to-date. Position Statement can be found on My Oracle Support, Document ID 1331059.1.”

 

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