Contractor benefits
ACS contractors are not required to pass the enterprise test to maintain their contractor status and continue engagements as bona fide contractors.
Independent Contractors engaged by ACS are the only style of independent contractors in Australia that are not required to register for, or charge GST, and do not require an ABN regardless of their earnings.
While subject to PAYG, contractors are able to obtain personal tax rate variations giving them a cashfiow management advantage. All contractors are guaranteed payments by EFT.
ACS administers all contractors' personal taxation payments.
ACS ensures all contractors are covered for Public Liability Insurance cover (A$10M), Professional Indemnity Insurance (where applicable), Workcover &/or Accident & Sickness Insurance.
The ATO recognises the bona fide contractor status provided by the ACS system.
ACS will administer whatever superannuation requirements contractors may have.