I have a Workers Compensation redemption payment that is a consequence of a resignation. Is this then classified as an ETP? If it is not, is it classified as ordinary earnings and mapped in STP2 as WC?
57 views
57 views1 replies
1 replies
57 views
1 replies
All replies
G'day @UJD 👋
Workers' compensation redemption payments are offered by insurers to settle ongoing WC payments and medical expenses via a one-off lump sum rather than weekly payments.
Is it actually paid in consequence of the termination of employment? 🤔
If not, which it's typically not, it's a WC absence paid as a lump sum and reported as Paid Leave Type W. To be sure, seek confirmation from the tailored technical assistance team 😉
Deanne
Featured articles
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time