Income tax: eligible termination payments (ETP): payments in consequence of the termination of any employment: meaning of the words 'in consequence of'

Taxation Ruling TR 96/13 is withdrawn with effect from today.

The views in TR 96/13 conflict with the views set out in the draft ruling TR 2002/D12 that issued today on the meaning of the phrase 'in consequence of' in the context of the expression 'in consequence of the termination of any employment' as used in Subdivisions A and AA of Division 2 of Part III of the Income Tax Assessment Act 1936.