Sorry - more technicalities-
Am I correct that there is a threshold for redundancy? To me division 13 subdivision 1, 120 fiii says high income means no pay
The letter received states termination, however the loss of employment is due to the company moving interstate. Gross Income Over $150k p.a.
Also Subdivision 2 re redundancy-
If the person says he will be getting an Abn after and possibly contract back to the company some capacity, does that void section 127 1.b,i.?
Last one
It is my understanding that $62k is untaxed from
A redundancy payment- I’m blowed if I can find the legislation that specifically says that. Would the ato have the legislation?
So sorry for all the questions