This study examined the supervision arrangements and job satisfaction among school psychologists in Victoria, Australia. Participation in professional supervision was explored in relation to the type of employment and job satisfaction. The results revealed that the frequency of participation in supervision activities was less than optimal, with many school psychologists reporting that they were unsatisfied with their supervision arrangements. Although school psychologists reported that they were generally satisfied with the nature of activities that make up their role, those in the Government school sector reported less satisfaction relative to those working in Catholic and Independent schools. Overall, more school psychologists working in Catholic schools reported that they participated in supervision than Government and Independent school psychologists. It is notable that many Catholic schools paid for supervision among school psychologists. Implications for practice and scholarship in the field of school psychology are discussed.