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Warren Cottis
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Why don’t you just explain your problem to your friend?

He/She will not want to lose you.

You are correct that you will not escape PSI issues if you are perceived to have an exclusive arrangement with your friend.

So perhaps the solution is to sit down with your friend and restructure the arrangement and invoicing so the ATO guidelines are satisfied… and of course start building clients in your own name whilst assuring your friend that you will give priority service to him/her