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Taxation Determination

TD 1993/14W


Income tax: can a payment in lieu of notice, on termination of employment, be treated as a bona fide redundancy payment?

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Notice of Withdrawal

Taxation Determination TD 93/14 is withdrawn with effect from today.

1. Taxation Determination TD 93/14 sets out the factors that needed to be met for a payment in lieu of notice to be a bona fide redundancy under section 27F of the Income Tax Assessment Act 1936 (ITAA 1936).

2. Section 27F of the ITAA 1936 has been repealed by the Superannuation Legislation Amendment (Simplification) Act 2007 and replaced with the equivalent section 83-175 of the Income Tax Assessment Act 1997 (ITAA 1997) which describes what a genuine redundancy payment is (formerly called a bona fide redundancy payment).

3. Taxation Ruling TR 2009/2 - Income tax: genuine redundancy payments now provides the Commissioner's view on the operation of section 83-175 of the ITAA 1997 on what a genuine redundancy payment is. In particular, paragraphs 10 to 54 and 233 to 312 of TR 2009/2 discuss the requirements that must be met for an employment termination payment, or part of it, to be treated as a genuine redundancy payment. As this Determination is no longer required, it is withdrawn.

Commissioner of Taxation

22 April 2009

Previously issued as Draft TD 92/D157



References

ATO references:
NO  2006/20258

ISSN: 1038-8982

TD 1993/14 history   Top  
   Date   Version   Change 
   28 January 1993   Original ruling   
 You are here ®  22 April 2009   Withdrawn   


 


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