Did you know that in some circumstances your business may need to pay for superannuation and work cover for contractors? It is often an area of confusion for both employers and contractors. The Australian Taxation Office have a great decision tool to assist you to determine if your business has extra obligation for your contractor.
It is important to use this decision tool for each individual contractor because each circumstances may be different. You are unable to contract yourself out of these obligations and a contractor may seek these additional benefits after your contract has finished if they believe they were entitled.
Follow this link for more information from the Australian Taxation Office on Employee versus Contractor so that you can determine what are the correct obligations of your business