Document ID: chunk:federal_register_of_legislation:F2024L00664:clause:11_5:p4
Version: federal_register_of_legislation:F2024L00664
Segment Type: clause
Provision Reference: sch 11 cl 5 (pt 4/4)
Character Range: 229480–230114

* a transitional termination payment.

Death benefit ETP
Code  Description
D     Death benefit ETP paid to a dependant of the deceased.
B     Death benefit ETP paid to a non-dependant of the deceased. You made a termination payment to the non-dependant in a previous income year for the same termination.
N     Death benefit ETP paid to a non-dependant of the deceased.
T     Death benefit ETP paid to a trustee of the deceased estate.

Transitional termination payments were certain ETPs paid to an employee under an employment contract entered into before 10 May 2006. They were taxed concessionally if paid before 1 July 2012.