Can I have 2 different accounts in iTunes. 2 iPhones with same owner. One phone for work with different credit card details but same address.

I'm getting an iPhone from work. I'm allowed to use it however I'd like. This will make a second iPhone. The other is up and running on my MacBook Air in iTunes.
Question: Am I able to set up a SECOND iTunes account to use this new phone with? It will have the same street address but I can give it a different email and credit card.
Thanks in advance.

Ha. Wish I could speak for the world down under. But I would assume there would be no difference.

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