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Your ordinary weekly pay before tax, not including overtime, bonuses, or incentive payments.
Business has 15 or more employees
Business has fewer than 15 employees — exempt from NES redundancy pay
ETP taxed at 32% (including Medicare levy)
ETP taxed at 17% (including Medicare levy)
Your age sets the tax rate on the taxable part of a redundancy payment. The ATO taxes it at 17% (including the 2% Medicare levy) if you've reached preservation age — now 60 for everyone — by the end of the financial year, or 32% if you're under 60.
Your other taxable income (salary, wages, etc.) for the same financial year. This affects the ETP cap calculation.