How the service works and what you pay

Consultants Exchange Australasia options will include:

1. Provision of a legal company structure whilst you are contracting or undertaking temporary work.
2. Invoicing or advising the client of amounts payable on your behalf, and on receipt of payment from the client, transferring payment to you.
3. The "Options" available:
   1. A PAYG scheme can be established to ensure that sufficient tax, Medicare Levy, and Superannuation Guarantee charges are deducted from you,
      OR
   2. A Company can be established on your behalf at a flat rate, only in the event that you have multiple sources of income
      OR
   3. You may elect to recieve tax efficient salary packaging
      OR
   4. A combination of the above with salary packaging and an investment company
4. All deductions made from you, or from your company, shall be remitted to the relevant authorities on a monthly basis.
5. Provision of a monthly statement of income and expenditure.
6. Guidance on professional Indemnity insurance, disability insurance or superannuation through Ginsburg Life at no cost.
7. Assistance and guidance in keeping accurate records to ensure that legitimate business expenses can be claimed as a tax deduction.
8. Processing and lodgement of your company annual tax return through Holm Wicking and Associates (Dee Why) or equivalent counterparts in other locations.
9. Minimising your paperwork to weekly time sheets/commission or earnings statements
   and monthly expense details.
10. Guidance on tax, insurance and finance issues. These may be referred to the relevant associated companies mentioned above.
11. We can maintain foreign currency accounts and can pay you in other currencies.
12. Flexibility to change your jobs, contracts and/or options at any stage.
13. Should you leave the company, no termination fees apply if we receive one month's notice in writing. This is to enable us to complete all necessary documentation.

Payments to Members

1. Invoicing the client will be carried out by Consultants Exchange Australasia.

2. The contractor/employee is required to submit time sheets signed off by the client at specified intervals. One copy is to go to the client if required in the terms of the contract, a second copy is to be faxed to this office and a third retained for your own records.
   
   The time sheets must show your name, your company name, the client to whom the services have been provided, as well as:
   1. Your week ending date
      
   2. Hours worked each day
      
   3. Separate hours for overtime or special rates per the contract
      
   4. Signature of the client or clients.
3. Consultants Exchange Australasia will then invoice the client.
4. Once the client pays Consultants Exchange Australasia, payment will be made to the contractor/shareholder upon receipt of electronic transfer of funds from the contracting party or clearance of cheque.
5. The fee will be applied to Gross Income.

See also Conditions/fees