s 82-10E
In forceTransitional termination payments—pre‑payment statements
Chapter 2Liability rules of general application
Part 2-40Rules affecting employees and other taxpayers receiving PAYG withholding payments
Division 82Pre‑10 May 2006 entitlements to life benefit termination payments
Subdivision 82-CPre‑payment statements
82-10E Transitional termination payments—pre‑payment statements
(1)
This section applies if an entity (the payer) proposes to pay a transitional termination payment to an individual.
(2)
The payer must give the individual a statement (a pre‑payment statement) meeting the requirements of this section.
(3)
The statement must include the following information:
(a)
the amount (if any) that would be the tax free component of the transitional termination payment;
(b)
the amount (if any) that would be the taxable component of the transitional termination payment;
(c)
any other information specified in the regulations.
(4)
The statement must also include details of the opportunity to make a choice in accordance with section 82‑10F.
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