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SUPER FOR CONTRACTORS
Live Issue:
The ongoing shift in the workforce towards contractors and other alternative work arrangements has made the payment of super a live issue for employers and contractors and the Australian Taxation Office is taking a keen interest.
Last year the ATO raised $377 million in SG payments after looking at cases involving 235,000 employees. For SG purposes the common law definition of employee is expanded to include contractors who are employed principally for their labour, which may include mental or artistic effort or physical labour, as well as directors, members of parliament and sports people.
Where SG is payable, contributions must be directed to the employee's fund of choice or to the employer's default fund.
In practice,the contractor/employee issue for SG purposes is a very grey area and is usually decided on a balance of tests . Someone who advertises their services is likely to be a contractor but someone who responds to a job vacancy is more likely to be an employee. An employee is also more likely to be reimbursed for expenses incurred in carrying out their work whereas an independent contractor is not.
EMPLOYEE OR CONTRACTOR ?
Some of the circumstances to consider are: Should you have any query regarding this issue please contact your C & W advisor.