Commonwealth of Australia Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 82.160

                   The 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.

Table of Subdivisions

             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

Guide to Division 83