Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 6   Miscellaneous amendments

Part 5   PAYG withholding from delayed payments for termination of employment

1   Division 1 - Main amendments

Taxation Administration Act 1953

48   Paragraph 12-85(b) in Schedule 1

Repeal the paragraph, substitute:

(b) a payment that is an *employment termination payment or would be one except that it is received more than 12 months after termination of employment.