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catherinehu's avatar
catherinehu
Experienced User
13 days ago

Accounting for Student Internship Supervision Fees - Superannuation and PAYG Compliance

Hi Everyone,   I operate a childcare centre, and we occasionally receive payments from universities for hosting student interns. We intend to pass the full amount of these payments to the specific ...
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Isaiah_C's avatar
Isaiah_C
MYOB Moderator
12 days ago

Hi catherinehu,

 

Thanks for such a detailed explanation. It really helps paint the full picture of what you're trying to do. This one's a bit of a tricky area because it crosses into ATO compliance around super and PAYG, and how those payments are classified can change the outcome quite a bit. Your best bet here is to have a quick chat with your accountant or financial advisor so they can confirm whether those payments should be treated as wages or OTE, if super and PAYG need to apply, and how to structure it so you're not left out of pocket.

 

Regards,

Sai 

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