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The PSI rules do not affect you if you're an employee receiving only salary and wages.
However, if you earn PSI indirectly through another entity (such as a company, partnership or trust) and you are an employee of that entity, then the PSI rules may still apply to that PSI.
There are a number of factors that determine whether you're working as a contractor or as an employee. For more information seek professional advice from a registered tax professional or contact the ATO.
Last modified: 16 May 2024
Personal services income
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What is PSI? |
4 mins | ||||||||||||||||||||
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Is the income PSI? |
5 mins | ||||||||||||||||||||
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Income that is not PSI |
9 mins | ||||||||||||||||||||
Whose PSI is it? |
7 mins | ||||||||||||||||||||
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Working out if the PSI rules apply: self-assess as a personal service business (PSB) |
2 mins | ||||||||||||||||||||
The 80% rule |
5 mins | ||||||||||||||||||||
Results test |
8 mins | ||||||||||||||||||||
Unrelated clients test |
5 mins | ||||||||||||||||||||
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Employment test |
5 mins | ||||||||||||||||||||
Business premises test |
7 mins | ||||||||||||||||||||
Obtaining work through an agency |
5 mins | ||||||||||||||||||||
Apply for a personal services business determination (PSBD) |
3 mins | ||||||||||||||||||||
What to do when the PSI rules apply |
2 mins | ||||||||||||||||||||
What to do when the PSI rules apply: claiming deductions |
11 mins | ||||||||||||||||||||
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What to do when the PSI rules apply: how to attribute PSI |
8 mins | ||||||||||||||||||||
What to do when the PSI rules apply: PAYG |
18 mins | ||||||||||||||||||||
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What to do when the PSI rules apply: completing your tax return |
4 mins | ||||||||||||||||||||
What to do if the PSI rules don’t apply |
3 mins | ||||||||||||||||||||
Record keeping for PSI |
1 mins | ||||||||||||||||||||
Help for PSI |
1 mins | ||||||||||||||||||||
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Case study: instructions |
1 mins | ||||||||||||||||||||
Case studies: sole trader |
11 mins | ||||||||||||||||||||
Case studies: partnership |
12 mins | ||||||||||||||||||||
Case studies: company |
12 mins | ||||||||||||||||||||
Case studies: trust |
12 mins | ||||||||||||||||||||
Related courses |
1 mins | ||||||||||||||||||||
Course Feedback |
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