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What to do when a worker ceases to work for you

What to do when a worker ceases to work for you

Do you know what to do when a worker ceases to work for you?

When EWha, there are no special fringe benefit tax (FBT) or superannuation requirements, other than to remember to include any obligations that relate to them in your next superannuation and FBT payments and reports.

However, there are specific obligations with regard to PAYG withholding and any employment termination payments (ETP) you make to them.

Pay as you go (PAYG) withholding

When an employee (or contractor who has been operating under a voluntary agreement) stops working for you, you have a number of PAYG withholding obligations.

Employment termination payments (ETP)

If your employee is eligible to receive an employment termination payment, you will have additional PAYG withholding obligations.

 

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