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

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 Sceales CTA
Robert Sceales, CTA is the Senior Partner of Sceales Lawyers. He commenced practice as a lawyer in 1971, in South Africa. He moved to Perth in 1986, and practised with a large law firm until establishing Sceales & Company in 1994. He has extensive experience in all areas in which the firm advises, particularly in relation to all Commonwealth and State taxation matters. - Current at 28 September 2017
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This was presented at The 28th National Convention .

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