It's a phishing Email

This email confirms that you’ve nominated PayPal to receive an instant purchase payment of $50.00 AUD for your eBay item

If you simply look at that you can see that it only mentions an eBay item.

A genuine PP Email should state the item number.

Simply click the link below to accept payment

As stated,PP don't ask you to click on links,(they ask you to log in via your browser or through your safe log in),:-D