What are redundancy payments?

Redundancy (or termination) payments, are:

• leave payments relating to a person's employment that has been terminated;
• redundancy payments, including payments in lieu of notice; and
• any other payments connected with the termination of a person's employment.

These would include, but not be limited to :

• payments in respect of untaken long service leave, annual leave, sick leave;
• payments made under contracts for early termination of employment;
• gratuity payments (such as a farewell gift paid in addition to a person's contract or award  entitlements);  
• payments made under the Fair Entitlements Guarantee (FEG) or the General Employee Entitlements and Redundancy Scheme (GEERS).