Payroll Process

Payroll options

Morgan McKinley payroll for contractors is paid weekly a week in lieu.
 

Individual PAYG (Pay As You Go) 

This type of payroll is typical of most employees/individuals.  Funds are deposited weekly into the contractor’s bank account and taxed accordingly.  A Tax File number will be required.
 

3rd Party Payroll

These companies offer financial incentives or Visa’s to our contractors if they allow their payroll to be processed through them.  We are happy for our contractors to do this as long as it’s discussed with the Contract Admin team first.  Once a contractor is payrolled through a 3rd Party payroll company they effectively become their employee and we won’t be held responsible if wages or superannuation payments aren’t received.  
If a contractor elects to be paid by a third party provider after commencing their assignment, Morgan McKinley must be notified of this giving two weeks’ notice in writing.
 

Sole Trader

Our contractors are registered under our Labour-hire Agreement so under the Labour-hire withholding rules, Sole Traders are treated the same as an Individual (PAYG) and even if the Sole Trader has the below, a Tax File number is required and they are to be set up as PAYG contractor.
  • Has a registered business name
  • Has a trade name
  • Has an ABN
  • Is registered for GST

 

Limited Companies

These Contractors are requesting to be payrolled through their LTD business. Below is a list of the documents that are required to set up a Limited Company for payroll.  There are no exceptions if these documents aren’t received they will be payrolled as PAYG and a Tax File number will be required. 
  • Evidence of Incorporation/Partnership/Trust Deed
  • Certificate of Currency for Insurances
    • Workers Compensation
    • Public Liability (minimum amount $10,000,000)
    • Professional Indemnity (seek professional consultation from your Accountant/Financial Advisor/Insurance Company)

 

To enable us to pay you correctly, please ensure we have:

  • Your bank details
  • Your completed Tax File Number Declaration form
  • Details of your nominated superannuation fund
  • ABN & Certificates of Currency for Insurance (Limited Company Contractors only)
     

Updating your Details

If changing or updating your details please complete the Personal Details form and email it to your consultant.

Superannuation

Morgan McKinley’s default superannuation fund is Kinetic Superannuation.   You can elect a different fund, or contribute to a self-managed fund by completing and submitting a ATO Superannuation Choice form with all the appropriate documentation.  Superannuation is paid quarterly (the month after) to your nominated fund. If you would like to salary sacrifice into superannuation, please complete the Salary Sacrifice Super form.