General practice tool kit
Becoming an owner of a general practice
Last revised: 24 Oct 2019
As a practice owner, you must understand and adhere to all relevant laws in your jurisdiction. Appointing a knowledgeable and experienced practice manager can help you achieve this.
The following list of obligations contain links to sites that give you more information about each one.
In addition to the obligations listed above, practices are required to keep a range of clinical and business records. You need to know which records you need to keep and for how long (which may extend beyond the life of your business).
Specific requirements depend on the organisation that is using the information, and may change over time. Always seek professional advice if you are unsure of your obligations.
The following table outlines where you can access information and advice about specific record-keeping requirements.
Type of records
For further information, contact
Financial records
Australian Securities and Investment Commission (ASIC)
Income, expenses and tax returns
Australian Taxation Office (ATO)
Employee records
Fair Work Ombudsman
Many services and organisations can provide support, guidance and training to help you to plan and establish your business, and to understand and meet your obligations as a business owner.
Did you know you can now log your CPD with a click of a button?
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