Sole Trader:

• Super Payments: When a locum is registered as a sole trader, the employing pharmacy is responsible for paying the superannuation component directly into the locum's superfund. This ensures that the locum’s funds are managed appropriately and comply with superannuation regulations.

• Payment Method: The pharmacy will receive an invoice detailing the locum's superannuation information, along with the amount due for the shift(s) worked. The pharmacy is to pay the specified amount directly to the locum's nominated superfund.

Company:

• Super Payments: If a locum is registered as a company, the superannuation component is integrated into the locum's overall rate. The total amount, including the super component, is paid directly to the locum. The locum is then responsible for managing and allocating the superannuation payments to their superfund.

•  Payment Method: At Locumate, we calculate the total rate, which includes the superannuation contribution, and distributes the entire amount to the locum. The locum, acting as a company, must ensure they comply with superannuation obligations and make the necessary payments to their superfund.

 Key Considerations:

1. Payment Process: The payment process differs significantly between sole traders and company-registered locums, affecting how superannuation contributions are managed and disbursed.
2. Responsibility: For sole traders, the pharmacy manages the direct payment to the superfund, while for company-registered locums, the responsibility for superannuation payments shifts to the locum themselves.

Understanding these distinctions is essential for proper financial management and regulatory compliance.