Employee Terminations – 3 Part Series

24 November
Employee Terminations Part 1: Resignation, Redundancy and Retirement

The Institute of Financial Professional Australia is excited to launch the first instalment of a highly anticipated webinar series focused on the complexities of employee terminations.

In this inaugural session, our expert presenter will guide you through the legal frameworks and practical procedures related to terminations arising from voluntary resignations, redundancies, and early retirement schemes (ERS). This webinar marks Part 1 of a series that aims to offer comprehensive insights into employee terminations.

Key Takeaways:

  • An intensive primer on Terminations Law and its relevance to both employers and employees.
  • Step-by-step procedures for employee terminations, whether voluntary, through redundancy, or under an early retirement scheme.
  • Explicit demonstrations of the correct calculations involved in employee entitlements, PAYG and mandatory reporting.

Who Should Attend?

  • Financial Advisors and Planners

  • Accountants and Tax Consultants

  • Human Resource Professionals

  • Business Owners

  • Legal Counsels

  • Payroll Specialists

Why Part 1 is Crucial:

This first instalment serves as the foundation for understanding the comprehensive legal landscape surrounding employee terminations. Subsequent parts of the series will delve deeper into more specialised areas, making Part 1 an essential starting point.

1 December

Employee Terminations Part 2: Employment Termination Payments (ETPs), Death and Disability

Secure Your Spot: Employee Terminations Part 2 - Exploring ETPs, Death and Disability

The second instalment of our Employee Terminations series delves into the more uncommon, yet critically important, reasons for termination, including Employment Termination Payments (ETPs), Death, and Disability. This session will further clarify the concessional tax treatment often available to the employee in these unique circumstances.

Key Learning Objectives:

  • Accurate identification of what qualifies as an Employment Termination Payment (ETP).

  • A detailed breakdown of the different types of ETPs.

  • PAYG and other reporting considerations related to ETPs.

  • Understanding Death and Death Benefit ETPs.

  • An overview of terminations related to Permanent Disability.

Who Should Attend?

  • Financial Advisors and Planners
  • Accountants and Tax Consultants
  • Human Resource Professionals
  • Business Owners
  • Legal Counsels
  • Payroll Specialists

Why This is a Must-Attend:

Understanding the nuances of ETPs, as well as terminations due to Death and Disability, is pivotal for compliance and ethical management. This webinar offers the comprehensive knowledge necessary for handling these less common but equally significant aspects of employment termination.

8 December
Employee Termination Part 3 - Processing Employee Terminations In Xero

Final Call to Complete the Trilogy: Employee Terminations Part 3 - Processing Terminations in Xero

We are excited to announce the concluding webinar of our comprehensive Employee Terminations series. After delving into the legalities and special considerations of terminations, we now present a practical guide for implementing this knowledge through accounting software, specifically Xero.

This culminating session focuses on the practical side of processing termination payments, using Xero as a working example. Whether it be resignations, golden handshakes, or redundancies, you will be guided through each step of the way to ensure accurate reporting and compliance.

Please Note: While the demonstration will utilise Xero, the principles taught are applicable to all accounting software platforms.

What You Will Learn:

  • Step-by-step guidance on processing termination payments for resignations.

  • How to correctly administer Golden Handshake payments.

  • The right approach to processing redundancies in accounting software.

  • Best practices for reporting and compliance concerning termination payments.

Who Should Attend?

    • Financial Advisors and Planners
    • Accountants and Tax Consultants
    • Human Resource Professionals
    • Business Owners
    • Legal Counsels
    • Payroll Specialists
    • Xero Users

    Why You Should Attend:

    Successfully and ethically processing termination payments is a multi-faceted task that requires proficiency in both legal understanding and software tools. This final webinar provides the crucial practical skills you need to ensure seamless and compliant termination procedures.


    More information:

       24 Nov | 1 Dec | 8 Dec    Brett Thornett    Slides  
       12:30-1:30pm AEDT    Live webinar    Recording 
       TPB CPD Hours: 1 hour each part
     Legislated CPD Hours: To be confirmed
       Individual Sessions
     $99 (members) | $132 (non- members)
     All 3 Sessions
     $255 (members) | $354 (non-members)


    Presented by:
    Applied Education

    Brett spent the early years of his professional career applying his accounting qualifications in public practice, mostly with Mann Judd. He later held commercial positions in a number of significant organisations including the NSW public utility AGL and Sage HandiSoft. He also lectured in commercial law, accounting, finance and accounting data applications. 
    Prior to joining Applied Education Brett was General Manger of Total Remuneration Management, a payroll and salary packaging outsourcing bureau.
    His success in training and professional qualifications made him the ideal person to set up Applied Education’s Payroll & Office Tax Procedures and Salary Packaging training courses. He has followed on from this to develop and deliver Applied Educations - Diploma of Accounting to assist accountants with the licensing requirements of the Tax Practitioners Board.

    8/12/2023 12:30 PM - 1:30 PM
    Online AUSTRALIA

    Login with your email address