Search

Treasury reverses payroll tax stance

BRIDGES Financial Services has saved itself $496,000 in payroll tax after successfully overturning an assessment by the State Government’s Office of State Revenue. The OSR, part of the treasury department, had previously stated that all financial planners working for Bridges in Perth were considered employees, and therefore the firm was liable to pay payroll tax. It has now accepted that the planners are considered to be separate businesses. “As a result of this development, Bridges will have its assessments of payroll tax for all periods from 5 January 1997 onwards cancelled and their payroll tax registration will also be cancelled,” said Bridges CEO Alex Hutchison. The matter pre-dated a decision by a number of states that recognises that planners attached to dealer groups are contractors and not employees. The decision also follows a long-running campaign by the OSR to identify “employee-like” contractors that it believes are subject to payroll tax.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer