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Contractor Engagement Options

As a contractor you have a number of options of how to contract through Data#3 People Solutions:
  • As a PAYG Contractor
  • As a PTY LTD Company Contractor
  • Through a 3rd party Contractor Management Company
Each option has its advantages and disadvantages and we recommend you fully consider your personal and financial circumstances, and get advice from an accountant or financial planner before making any decision.

PAYG Contractor: As a PAYG Contractor you are similar to most casual employees
  • You are paid weekly upon receipt of your timesheet
  • You are paid super into your nominated superannuation fund
  • PAYG Tax is automatically deducted and paid to the ATO
  • You are issued a Group Certificate after each financial year
PTY LTD Contractor:
  • You must be a PTY LTD company;
  • You are paid fortnightly upon receipt of your timesheets and invoice
  • You must hold Professional Indemnity Insurance to the value of $2,000,000*
  • You must hold Public Liability Insurance to the value of $5,000,000*
  • If required by law, you must be insured under a general WorkCover policy
  • You are responsible for all Tax and Superannuation requirements
*Data#3 can provide you with Professional Indemnity and Public Liability Insurance at a small fee of $1 per hour.

Contractor Management Company Different Management Companies have different benefits and costs, it is up to the contractor to decide if it is beneficial to contract through a 3rd Party Management Company.

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