There are three main ways you can be a professional contractor in Australia. Deciding the best option for you, will depend on your own personal situation. Factors to consider include financial implications including tax, and flexibility needs.

PAYG

The organisation you work for takes care of all the payroll responsibilities including tax, super and workers compensation. There generally is the least amount of flexibility with this option.

Recruitment Company

The recruitment company takes care of all the payroll responsibilities including tax, super and workers compensation. They also, can assist you with next contracting role and hence provides some good flexibility.

ABN

This option requires registrations with regulatory bodies and managing your own super and tax affairs. It is strongly recommended you discuss this option with your accountant to ensure you are satisfying your responsibilities. This option is similar to a business where you can have several clients at the same time and generally has the greatest flexibility.

To find your next contract role visit IPRO

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