Yes you can.
There are some items we will require to enable you to change from PAYG to Pty Ltd and they are:
- ABN of Pty Ltd company
- if a Trust, the ABN of the company underneath the Trust
- copy of the trust deed may be requested to clearly show the trustee and trust relationship.
- Company Bank Account details (it can't be a personal bank account)
- PI/PL Insurance Certificates of Currency (if using your own)
- Workcover or Income Protection Insurance Certificates of Currency (depending on which state you are operating in)
- RCTI acknowledgment
- Company details
(The items in the first 6 points above will be obtained when we issue you a new registration link) - Signed contractor agreement from the Recruiter detailing your Pty Ltd company as the contractor and yourself as the nominated consultant
- The contractor agreement will need to state the correct start date of the transition and must be matched with the invoicing cycle of the end client.
A couple of things to note:
- We're unable to engage an entity registered as a Sole Trader/Individual or as a Partnership
- The bank account must match the company entity name
- In certain engagements, PI/PL and Workcover insurance can be obtained through Oncore at a cost, depending on which state you are operating in and the insurance requirements of that state. Please liaise with your recruiter on this.