Independant Contractor Requirements
1. Have an Australian Business Number ("ABN") and/or own a business entity/name.
2. Work directly by oneself or via a partnership, company or trust. Best to have a written contract for the work to be performed for the payer.
3. Must not be an apprentice.
4. Have the freedom, ability and/or right to engage others to assist you with the jobs/tasks. Right to delegate.
5. The payer does not exercise fulidegree of control and/or direction as to how to do the jobs/tasks.
6. Paid to achieve an end result at an agreed price.
7. Responsibility to take on.all the commercial risks and rectify all errors/faults at your own cost/expense.,
8. Provide most, if not all,-of the materials and tools (not just minor hand tools) to complete the jobs/tasks.
9. Provide services to the general public other than to the payer. Freedom to advertise and have one's own work premises.
10. Freedom to accept or refuse work.
11. Ability to enter into a voluntary agreement with the payer to have tax withheld.
12. Responsible for your own super, professional indemnity, public liability and such like associated insurances.
Visit our Cairns Business Consulting Services page to discover more or contact Foster for a free consultation.
