Construction ERP for Australia

Construction industry taxation includes GST at 10% on building work, with the margin scheme available for certain property transactions. The ATO Taxable Payments Annual Report (TPAR) requires principal contractors to report payments to subcontractors annually, creating an industry-specific tax compliance obligation. Workers compensation insurance premiums vary by state and occupation classification, with construction attracting higher premium rates due to the industry risk profile.

The construction workforce in Australia operates under multiple Modern Awards including the Building and Construction General On-site Award 2020, which prescribes wage rates, allowances (including tool allowance, travel allowance, height money, and insulation allowance), penalty rates, and redundancy provisions. The Construction, Forestry and Maritime Employees Union (CFMEU) enterprise agreements add another layer of employment conditions. The portable long service leave schemes operated by each state require employer registration and worker service credit tracking.

Yukti provides Australian construction companies with state-specific builder licensing management, NCC compliance documentation, and Security of Payment Act timeline tracking with adjudication deadline alerts. The TPAR module prepares the annual Taxable Payments report for ATO lodgement. Project accounting handles percentage-of-completion under AASB 15 with progress billing, retention tracking, and variation management. Workers compensation premium calculations use the correct occupation classification rates. GST at 10% is applied to construction services with margin scheme support for property transactions. Subcontractor management tracks ABN verification, insurance currency, and induction compliance.