Private ruling: Personal services income
Date of advice: 4 September 2018
Published: November 2018
Ruling period: 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Do contractors fall under the Personal Services Income (PSI) ruling? | A1: No. This is confirmation of the response provided by the decision tool. For more information on PSI please see Taxation Ruling TR 2001/7.

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