Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 82
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Employment termination payments
Subdivision 82-C
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Key concepts
Operative provisions
SECTION 82-160 82-160 What is the ETP cap amount?
The ETP cap amount for the 2007-2008 income year is $140,000. This amount is indexed annually.
View history note
Hide history noteSECTION 82-160 82-160 What is the ETP cap amount?
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.
[ CCH Note: The indexed ETP cap amounts are:
| 2008/09 | $145,000 |
| 2009/10 | $150,000 |
| 2010/11 | $160,000 |
| 2011/12 | $165,000 |
| 2012/13 | $175,000 |
| 2013/14 | $180,000 |
| 2014/15 | $185,000 |
| 2015/16 | $195,000 |
| 2016/17 | $195,000 |
| 2017/18 | $200,000 |
| 2018/19 | $205,000 |
| 2019/20 | $210,000 |
| 2020/21 | $215,000 |
| 2021/22 | $225,000 |
| 2022/23 | $230,000 |
| 2023/24 | $235,000 |
| 2024/25 | $245,000] |
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