Excludes clearance items, certain brands, and a lot of sale items. However, it is hit and miss, and you can get a further discount on some already discounted items.
Example:
Men's Tommy Hilfiger Compact Cotton Zip Mock Neck Knit - was $160, now $100 using code MEN20 (~37.5% discount)
For T&Cs, and to browse through what is eligible to use with the code, I would go to the following page, and select "shop now" on a particular category you're interested in: https://www.myer.com.au/c/myeroneqm/
Also:
$20 off $100 spend on select Women's clothing using code WOMEN20
$10 off $50 spend on select children's clothing using code KIDS10
10% off select homewares using code HOME10
25% off select Women's footwear, accessories, jewellery and handbags using code FOOT25
The deal isn't that good in my honest opinion, but hopefully it saves someone out there a few dollars :)
Myer has one of the worst websites to navigate. Who needs to sort via Things like men's/women's/kids