Super deductibility

A quick question...

If I undertake admin and accounting work (as a contractor) for my partner and we negotiate a payment for this work of $5000 plus $30,000 into my super fund per annum.

Is this reasonable and can my partner get a deduction for both these amounts?

Thanks

 

hi frankie

Check out this Tax Determination, it does have an example at para 14.

Part IVA is the pointy end of tax law that the taxman jabs you with if you're naughty.

TD 2005/29 - Income tax: will Part IVA of the Income Tax Assessment Act 1936 always apply if a taxpayer who carries on a business (including a personal services business) pays superannuation contributions that do not exceed the age-based limits but a

 

Thanks Matt,

I guess my question is more that must I be an employee or can I just be a contractor and still negotiate a super contribution instead of wages?