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Do I pay superannuation for contractors

10 August 2008

When economic times or business conditions get tough, business owners look for ways to cut costs. This is sometimes done by trying to class staff as contractors and not as employees, to avoid add on costs such as superannuation. Many businesses try to escape their responsibilities by requiring staff to sign contracts, or require them to form a company to contract their services through. Whether a person needs their superannuation paid for, depends not on a piece of paper nor a company structure but on the facts of each case.  . Members of the AWCF are guided to Article 25 on the AWCF website to determine whether your  staff are contractors or employees.Get this correct because tax authorities have financial penalties that can be disastrous