Getting Started – Core Requirements

ABN Registration

An Australian Business Number (ABN) allows you to operate as a business. Many trades begin as a sole trader structure due to its simplicity and low setup cost.

Registration is free through the Australian Business Register (ABR).

Holding an ABN alone does not automatically establish independent contractor status. Genuine independence involves commercial control, responsibility for tax obligations, and the ability to work across multiple engagements.

Public Liability Insurance

Public liability insurance is generally required for site access across WA.

This insurance protects against certain third-party injury or property damage claims. Coverage requirements vary by site and engagement, with many industrial and resource companies requiring $10M–$20M in coverage.

Independent contractors are responsible for arranging and maintaining their own policy.

BAS & Tax Obligations

Independent contractors manage their own income tax obligations.

If annual turnover reaches or is expected to exceed $75,000, GST registration is required. Registered contractors typically lodge a Business Activity Statement (BAS), often quarterly.

Professional accounting advice is strongly recommended when transitioning to independent operation.

Professional Invoicing

Independent contractors invoice for services provided.

A valid tax invoice (if GST registered) must include:

• ABN
• Description of services
• GST amount (if applicable)
• Clear payment terms

Maintaining clear documentation supports professional engagement and timely payment.

Important

IronBridge does not provide financial, legal, or tax advice. The above information is general in nature. Individuals should seek independent professional advice before transitioning to independent contracting.

Once operating independently under your own ABN and public liability insurance, you may register with IronBridge for structured visibility within the WA launch phase.

If you are considering operating independently and would like to discuss the process, you can contact us directly below

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