An ETP is generally a lump sum payment made as a result of the termination of a person’s employment. It can be constituted by:
• Payments for unused sick leave or unused rostered days off
• Compensation for loss of job or wrongful dismissal
• An agreed golden handshake deal
• Certain payments made after death
The ETP is taxed in the year in which it is received. It can not be rolled over into your super.