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ETP cash payments

Attaché Payroll handles ETP cash payments according to the requirements of the ATO.

Before processing an ETP cash payment, the employer gives the employee an ETP Prepayment Statement that indicates how much ETP the employee is owed and any invalidity component (permanent disability payment) or death benefit (in which case the statement would be given to the employee's next of kin or solicitor). On the ETP Prepayment Statement, the employee indicates what proportion they want to roll over into a fund and what proportion they want paid in cash.