John Hendrix, of preservation age, an interior designer worked with Designer Plus Pty Ltd in Melbourne for 20 years. On the 1 November 2019 he received a genuine redundancy package of $200,000. He also received a payment of $25,000 for long service leave, which had accrued over the last 15 years. A payment of $4,000 for outstanding annual leave was also made. 

 Advise John on the tax consequences of the above transactions for the year ending 30 July 2020.

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