Eligible Termination Payments (P02)

Duration

Approximately 2 hours

Course Outline

This module covers the procedures you need to follow when paying common types of ETPs and to a lesser degree, when paying less common types of ETPs. You will learn how to identify the components linked to periods of employment and be guided through the payment process. Other specific issues covered in this module include: Deciding whether the payment is an eligible termination payment; Calculating eligible termination payment components; Giving your employee a rollover payment choice; Paying the eligible termination payment to a superannuation fund; Paying an eligible termination payment in cash; Reporting payments to the Tax Office and Keeping records.

Who Should Attend

This is an ideal course for staff employed in the payroll function and /or finance. It is suitable for experienced and inexperienced staff members.