shopping_cart

Your shopping cart is empty

The Personal Service Income (PSI) regime 10 years on paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 13 Mar 13 by NATIONAL DIVISION, THE TAX INSTITUTE

The Ralph Report concluded that another $500 million of revenue would be available to government if individuals within the tax system as contractors, were taxed as if they were employees. The competing stress of outsourcing, driven by employers seeking severally to avoid union regulation of work conditions, notice, severance pay, state payroll taxes, superannuation surcharge and other labour on-costs, was matched by such contractors wishing to reduce their tax liability by means of deductible expenses. Against that background, the Australian Taxation Office is charged with the enforcement of legislation designed to achieve that aim.

This paper looks at the PSI after 10 years of operation and considers the rules and:

  • how are they being applied?
  • what are the traps to watch out for?
  • the likely impact of the Cameron case
  • what else have the courts said?

Author profile

Robert WF SCEALES
Rob has been in practice for more than 30 years, originally in South Africa and since 1986 in Australia. He is admitted as a Solicitor and Barrister of the High Court of Australia and the Supreme Court of Western Australia. He holds degrees in commerce (B.Comm) and law (LL.B.) and a Master of Laws (Income Tax). He also has post graduate diplomas in income tax and a post graduate diploma in corporate law. He is a past State Chairman of the Taxation Institute. He has also served on the Revenue Committee of the Law Society. He continues to serve on the Taxation Committee of the Law Council of Australia. He has given a number of papers to the Taxation Institute, the Australian Society of CPAs, the Institute of Chartered Accountants and the Law Society of Western Australia in the past. He is the principal of Sceales & Company, established in 1994. The firm practises in Taxation, Commercial and Corporate Law and related areas of practice.
Current at 8 June 2007
Click here to expand/collapse more articles by Robert WF SCEALES.

 

This was presented at The 28th National Convention .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Taking an SME international

Author(s):  Michael SELTH,  Robert JAMES,  Jeff FUNNELL

Materials from this session:

Customs duty

Author(s):  Ross THORPE

Materials from this session:

Estate planning - How has the dust settled after Kennon vs. Spry?

Author(s):  Matthew BURGESS,  Tara Lucke

Materials from this session:

Tax and infrastructure

Author(s):  Craig SAUNDERS

Materials from this session:

Trusts - Where are we at with amending trust deeds after Clark?

Author(s):  Grahame Young

Materials from this session:

Tax law partnerships - The state of the law in 2013

Author(s):  Matthew Pawson

Materials from this session:

International tax hot topics

Author(s):  Bob Deutsch

Materials from this session:

Hot issues in super

Author(s):  Sharyn LONG

Materials from this session:

Employment taxation update including living away from home allowances and employment termination payments

Author(s):  Sarah BERNHARDT,  Suzanne HOLSTEIN

Materials from this session:

Research and development

Author(s):  David GELB,  Phil RENSHAW,  Edward BAYFORD,  Helen GILFIDDER

Materials from this session:

Distressed debt transactions

Author(s):  Adrian VARASSO,  Robert YUNAN

Materials from this session:

The Personal Service Income (PSI) regime 10 years on

Author(s):  Robert WF SCEALES

Materials from this session:

Not-for-profit changes

Author(s):  John EMERSON

Materials from this session:

Accidently getting caught up in tax fraud is usually not a risk on your radar - What should you be aware of?

Author(s):  David Williams

Materials from this session:

Tax due diligence in M&A

Author(s):  Fiona CAHILL,  Paul CULIBRK

Materials from this session:

Plethora of SME topics

Author(s):  Grantley STEVENS

Materials from this session:

GST and going concern exemption

Author(s):  Andrew SOMMER

Materials from this session:

Facing the dragon in his lair

Author(s):  Martin KEATING

Materials from this session:

Employee equity arrangements

Author(s):  Ian BURGESS,  Peter Glindemann

Materials from this session:

Taxation of financial arrangements

Author(s):  Tony FROST,  Andrew Hirst

Materials from this session:

Corporate tax planning

Author(s):  Ernest Chang,  Matt BUDGE

Materials from this session:

Tax and native title presentation

Author(s):  Miranda STEWART

Materials from this session:

Australian Taxation Office investigations - Recent issues

Author(s):  Michael CLOUGH,  Andrew CURRIE

Materials from this session:

Powers of Attorney

Author(s):  Susan Fielding

Materials from this session:

Tax issues on intergenerational change

Author(s):  Peter BOBBIN

Materials from this session:

Equity, simplicity, certainty and individualised justice – in the one sentence?

Author(s):  Michelle GORDON

Materials from this session:

Part IVA reform

Author(s):  AH (Tony) SLATER

Materials from this session:

Further details about this event:

 

Copyright Statement