We acknowledge the Traditional Land Owners of the Country throughout Australia and their continuing connection to land and community. We pay our respect to them and their cultures, and to their elders both past, present and emerging.
Recipient Created Tax Invoice (RCTI)
Under the A New Tax System (Goods and Services Tax): Recipient Created Tax Invoice Determination 2023, we are authorised to issue Recipient Created Tax Invoices (RCTI) for taxable supplies provided by contractors, subject to the following conditions, where both parties must be registered for GST at the time the RCTI is issued.
A written agreement is included on each RCTI confirming: KRG will issue RCTIs for the supplies, the contractor will not issue tax invoices for these supplies, and both parties will notify each other if GST registration ceases. If you do not wish to accept the proposed agreement, please notify us within 21 days of receiving your first RCTI.
RCTIs CYCLE Monday: Timesheets received by 10am Tuesday & Wednesday: Timesheets are quality assured and any queries answered Thursday Afternoon: RCTIs are processed Friday Morning: Remitted funds should be received in your bank Your first pay: Depending on your bank, your very first payment may take up to 24 hours (received by Friday afternoon)
Invoices are required to be submitted along with your timesheet.
Mandatory Invoice Details:
• Company Name
• Week ending date
• Total fee
PAYROLL CYCLE Monday: Timesheets & Invoice are received by 10am Tuesday & Wednesday: Timesheet & Invoice are quality assured and any queries answered Thursday Afternoon: Pay is processed Friday Morning: Remitted funds should be received in your bank Your first pay: Depending on your bank, your very first payment may take up to 24 hours (received by Friday afternoon)
If we do not receive your invoice, payment cannot be processed.
