Here at People Medical Consulting we like spreading what we know and giving you a clear pathway to your career. We’re answering a different question each week based on queries raised via our Facebook & Instagram profiles.
THIS WEEK’S QUESTION…?
How does a GP earn in Australia?
GPs earn a % of billings…
Rather than an hourly rate or annual salary, a GP will (usually) earn a percentage of the amount each patient pays to see them. For example, if a general consult is $75 and your negotiated percentage is 65% of billings, then you will earn $48.75 per standard consult that you do.
What about the initial hourly rate that is offered?
This is referred to as an ‘initial guarantee’. Some practices will offer between $100/hour to $150/hour for a period of 4 weeks or up to 3 months while you are establishing your patient base. This is not always offered- it is something that is negotiated when signing a contract.
In Australia, most GPs work as contractors rather than employees. There are some practices who are happy to offer an employment contract. This is something to discuss when signing a contract with a practice.
Does the practice take tax out for me?
This doesn’t usually happen- no. You’ll need to find yourself a good accountant, and set yourself up as a sole trader or company (get recommendations from your accountant!) and complete quarterly BAS statements and annual tax returns for your ABN or company.
What about leave?
This is not usually a part of the agreement. Once again though, each situation can be different.
How Can We Help?
Our team help General Practitioners both with finding jobs and helping with the full applications process including finding the best pathway to fellowship for you and your life goals. If we can help, please contact us at [email protected].
People Medical Consulting are a team of professionals with a passion for guiding those specialising in the Medical industry to find their career pathway and settle into Australia. Working with both Australian trained and Overseas trained professionals, we have extensive experience in Recruitment of General Practitioners, and Document Assistance for those requiring support with RACGP, AHPRA, 19AA and 19AB Medicare Exemptions.
Please Note this article is an opinion piece based on experience, rather than with written evidence to cite. If you have any additional information to add, or disagree with the article then please contact our team directly at [email protected]