27Definitions

27 Definitions employment termination payment means: (a) an employment termination payment within the meaning of section 82-130 of the ITAA; or (b) a payment that would be an employment termination payment within the meaning of section 82-130 of the ITAA but for the fact that it was received later than 12 months after the termination of a person's employment; or

Payroll Tax Act 2009 21 (c) a transitional termination payment within the meaning of section 82-10 of the Income Tax (Transitional Provisions) Act 1997 (Cth). termination payment means: (a) a payment made in consequence of the retirement from, or termination of, any office or employment of an employee, being: (i) an unused annual leave payment; or (ii) an unused long service leave payment; or (iii) so much of an employment termination payment paid or payable by an employer, whether or not paid to the employee or to any other person or body, that would be included in the assessable income of an employee under