This Draft Determination, released on Wed 17.9.2014, states that a payment received by a personal services entity (PSE) from a service acquirer during a period the service provider is not providing services to the acquirer until further called upon, is personal services income (PSI) within the meaning of s 84-5(1) of the ITAA 1997.
DATE OF EFFECT: When the final Determination is issued, it is proposed to apply both before and after its date of issue.
Comments are due by 24 October 2014. ATO contact: David Newland – Tel: (03) 6221 0625; Fax: (03) 6221 0460; Email: David.Newland@ato.gov.au.
[LTN 180, 17/9/14]