This seminar paper discusses PSI rules, with a focus on: what is the new PSI, who has it, who doesn't and what are the primary threshold tests; how will the results test work to release affected taxpayers from the PSI system; who do you attribute PSI to individuals, what deductions will your clients lose under the new system, when can you apply for a PSBD; do Part IVA and its related cases and rulings on personal exertion income still apply where you pass the primary tests or do you have a 'personal service business'; how will your PAYG obligations be charged under PSI?
maintenance