What should I select as the ‘nature of activity’ if I am a contractor?

If you are an independent contractor it is a requirement that you obtain an ABN as independent contractors operate under a seperate business.

To be an independent contractor, rather than an employee different requirements must be met. For example, contractors must provide their own equipment, be paid on an invoice basis rather than on a salary basis and organise their own employee benefits.

Thus, in the ABN application form you must select ‘in the form of a business’.

All information provided on this webpage is general information about our products and services. Nothing on this webpage is intended to be professional advice of any kind and should not be relied on as such. You should obtain specific financial, legal or other professional advice before relying on the content of this webpage. By not seeking such advice, you accept the risk that the information on this webpage may not meet the specific needs of your business. Our liability is limited to the maximum extent permitted by applicable law in accordance with our website terms and conditions.

Updated — Oct 2, 2019

Ready to start your company?

Start your company, today.