The Tax Office recently released an important tax ruling – TR 2009/2 – that outlines the conditions for a payment to qualify for concessional tax treatment as a “genuine redundancy payment” under the ...

Tax reliefs There are tax reliefs that reduce the taxable portion of the lump sum received. There are three types of tax relief available. On receiptof a first redundancy payment, employees are ...

The Administrative Appeals Tribunal (AAT) has held that a termination payment made to a senior tax officer whose services could no longer be effectively utilised by the Tax Office was not a “genuine ...

Redundancies are common these days. Tech, pharma, finance and consulting workers know the wind can change at brutal speed. You’re sipping your free wellness smoothie one minute and out the door the ...

In the wake of tough economic times, many employers have been forced to restructure their businesses, reduce their workforce, or shut down entire operations. For many people, appearance of a ...