Employment Termination Payment (ETP) Codes

Employment termination payment (ETP) codes are defined by the ATO. The ETP codes are assigned to each termination record in the system. The ETP payment code prints on the ETP payment summary and in the EMPDUPE file.

The ETP codes include life benefit codes R and O, and death benefit codes D, N, and T. If a termination includes more than one type of payment code, a separate ETP Payment Summary is required for each.