You should seek advice from a chartered accountant but briefly, if more than 50% of your income comes from your own personal efforts then just go with PAYG. You're being asked this question because the ATO etc does not like people who are individual employees behaving as if they're companies when all they're doing is working full time for one employer. On Mon, 11 Dec 2023 at 13:31, Tom P via ozdotnet <ozdotnet@ozdotnet.com> wrote:
Hi all,
I’m getting asked by a recruiter whether I want to do PAYG or use a personal ABN for a contracting position. I never really understood why one would use an ABN as you’d need to get your own insurances etc. Can anybody explain?
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