7/28-34 Thynne St, Bruce ACT 2617 |1300 944 936| ABN: 52 119 884 945

www.whizdom.com.au | admin@whizdom.com.au

Sub-Contractor Business Entity Questionnaire

Whizdom is collecting the following information to understand Compliance levels of companies we are doing business with. Please complete all sections below.

Name of the Whizdom representative you are working with *

Company Structure

Select your business structure *

ABN CompanySole TraderTrustPartnership

Is your business entity Indigenous owned (or part owned 50%). Note: We need to report engagements with Indigenous owned companies as part of our Deed requirement with Government Departments. *

YesNoPrefer not to answer

Acknowledgement

By ticking this box, I ( on behalf of the business entity ), declare that I understand the tax and superannuation obligations required by Australian Taxation Office.

I understand that based on the ATO Taxable Payments Annual Report (TPAR) lodgement requirement, the business entity’s income earned through Whizdom Recruitment will be reported to ATO accordingly.

I understand that the income earned by this business entity through agency (Whizdom Recruitment) will mostly likely qualify as PSI (personal service income), according to the ATO PSI test result and the PSI rules will apply.

The consequences for a business entity earning PSI are not limited to the following:

For sole traders:
• the individual who earned the PSI income will have to report it under Personal Service Income section on their individual tax returns, instead of business income or loss section.
• deductions that can be claimed by the individual in connection with that income are limited in the manner indicated.

For other business entities ( Partnership, Trust, Company):
• the entity will be required to attribute the income to individual who earned it.
• the individual to whom the PSI is attributed will have to pay tax on it at individual rates; and
• deductions that can be claimed by the entity and the individual in connection with that income are limited in the manner indicated.

To fully comply with the ATO PSI rule and other taxation/superannuation obligations, Whizdom would recommend if you have any questions regarding these topics, please seek independent advice from your accountant to ensure you are meeting your taxation/superannuation obligations.

For more information:
About PSI rule, refer to https://www.ato.gov.au/Business/Personal-services-income/In-detail/PSI---otaining-work-through-an-agency/

PSI rule for sole trader, refer to https://www.ato.gov.au/business/personal-services-income/what-to-do-when-the-psi-rules-apply/sole-trader/

PSI rule for company, partnership or trust, refer to https://www.ato.gov.au/business/personal-services-income/what-to-do-when-the-psi-rules-apply/company,-partnership-or-trust/ *

Business Entity Details

Registered Business Name *

ABN *

ACN *

Company Director Name *

Business Contact Phone *

Business Email Address *

Address 1 *

City/Suburb: *

State: *

Post Code: *

Please upload your company registration certificate

Browse

Taxes

Is the business entity an Australian Tax Resident? *

Is the business entity registered for GST? *

If not registered for GST, please explain further

Licences

Do you hold any Labour Hire Licences *

YesNo

Please provide State, Licence number and expiry date

Whizdom will not be able to work with you if you are not exempt from holding a Labour Hire Licence in the State or Territory you are conducting business. We recommend that you check the relevant websites and and advise if you are exempt from holding a licence.

I have checked the information at the relevant Licencing bodies and declare that my company is exempt from holding a LHL.

ACT - ACT WorkSafe

VIC - Labour Hire Authority

QLD - Labour Hire Licencing Queensland

SA - Labour Hire Licencing South Australia

*

RCTI Payments

If you are registered for GST, Whizdom can pay your company using the Recipient Created Tax Invoice method. If you would like to use RCTI please choose yes below and complete the agreement. If you answer no we will require you to send invoices for hours worked during your contract engagement with Whizdom. *

RCTI Agreement

Between (the Recipent)

Registered Business Name:

ABN:

And (the Supplier)

Registered Business Name

ABN:

Supply: Provision of payroll services for any current or future Whizdom contractors per terms specified in Whizdom’s Independent Contractor Agreement; with the Recipient agreeing to receive the Supplies from the Supplier.

This agreement is in place from the date this agreement is signed (start date) until terminated per item g below.

The supplies provided under this RCTI Agreement are taxable supplies as prescribed in the GST legislation (A New Tax System (Goods and Services Tax) Act 1999). Whizdom (the Recipient) and the Supplier agree as follows:

a) The Recipient will issue Recipient Created Tax Invoices (RCTI) in respect of the taxable supplies provided by the Supplier in the Contract Agreement;

b) The Supplier will not issue tax invoices in respect of the Supplies;

c) The Supplier confirms that it is registered for GST and agrees that it shall notify the Recipient if it ceases to be registered for GST;

d) The Recipient confirms that it is registered for GST and agrees that it shall notify the Supplier if it ceases to be registered for the GST;

e) The Supplier acknowledges its obligation to report and pay to the ATO any GST specified in the RCTI;

f) The Recipient agrees to issue the Supplier with a RCTI within 5 days of determining the value of the supply;

g) The Recipient and the Supplier agree any obligation under this Agreement will terminate on the occurrence of either:

a. the termination of the contract for Supplies; or

b. immediately if the Supplier ceases to be registered for GST

Signed *

Draw signature|Type signatureClear

Date *

Company Bank Details

Please provide your company bank details so we can set up in the system.

Account Name *

BSB *

Account Number *

Email address for remittance advice: *

Save and Complete Later