Only available to Australian businesses using Single Touch Payroll reporting An employment termination payment (ETP) is a lump sum payment made to an employee because their employment has finished. ETP includes payments for unused rostered days off, payments in lieu of notice, a gratuity or 'golden handshake', and more. For a full list of payments that are and are not ETPs, see the ATO website. UI Text Box |
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| ETP does not include payments for unused annual leave. For more information on paying out unused annual leave to a terminated employee, see Processing a final pay. |
In MYOB Essentials,\ Setting up ETP in MYOB EssentialsBefore processing an your first ETP for an employee, you first have need to set up ETP pay items and assign them to the terminated employees. |