Yes — contractors, consultants, and people with multiple income sources can obtain Income Protection, though the application is more involved than for a single PAYG salary earner. Insurers will typically ask for evidence of income from each source and how stable it has been. Common documentation includes 24 months of tax returns, business activity statements (BAS) for ABN holders, accountant-prepared profit and loss statements, contract documentation showing rates and continuity, and bank statements showing regular receipts. The insurer combines all eligible income streams into a single insurable amount, capped at the APRA 70% rule across the total. Multiple-source income tends to be more conservatively assessed because each source has its own continuity risk — a contractor with three concurrent clients is usually treated more favourably than one with a single dominant contract. If your income is volatile, agreed-value policies (where still available) lock in a benefit at policy inception regardless of subsequent income changes — but agreed value is increasingly rare for new business. Indemnity policies recalculate benefit at claim time based on recent earnings, which can be a problem if you had a poor 12 months immediately before the disability. Discuss your income structure with the insurer or adviser at quote time — assumptions made at application strongly affect what is paid at claim.