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Edited version of your written advice
Authorisation Number: 1051424402925
Date of advice: 4 September 2018
Ruling
Subject: Personal services income
Question
Do contractors fall under the Personal Services Income (PSI) ruling?
Answer
No. This is confirmation of the response provided by the decision tool. For more information on PSI please see Taxation Ruling TR 2001/7.
This ruling applies for the following period:
30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
● You employ IT professionals.
● You provide professional indemnity, public liability and workers compensation insurance for your employees.
● You pay your employees for time worked.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 87-20