To permit businesses in Australia to deal with an array of government departments and agencies using a particular identification number the Australian Business Number (ABN) was introduced on 1 July 2000. You can access the publicly available details enclosed in the ABR by the ABN Lookup website at www.abr.business.gov.au. Part of the Australian Business Register (ABR) is ABN registration details, which the ATO maintains on behalf of the Commonwealth.

Australian Business Register

The Australian Business Register (ABR) is a widespread database of identity information provided by businesses when they register for an Australian business number (ABN). The ABR is managed by the Australian Taxation Office (ATO) and it was recognized under s24 of A New Tax System (Australian Business Number) Act 1999. The Commissioner of Taxation is the Registrar of the ABR, under the ABN legislation. The Australian Business Register allows you to apply for Australian Business Number (ABN), Business tax file number (TFN), Good and Services (GST)/Fue tax credit, and Pay As You Go (PAYG) Withholding. Previous to enter a secure transaction, you have to study the ABR's privacy policy.

Australian Business Numbers

The ABN is a public number which does not restore your tax file number. The Australian Business Number is your key to a faster and smarter way of dealing with other businesses and government.

Australian Business Number features and benefits:

• Make easy a single business activity statement
• Helps you claim goods and services tax (GST) credits
• Stops businesses deducting pay as you go (PAYG) withholding tax from payments to you
• Allows businesses to simply confirm your details for ordering and invoicing purposes
• Lets you claim any energy grants credits that you succeed for

All non-profit organizations with an annually proceeds of $150,000 or more must register for GST and hence require an ABN. If your business has a lesser yearly turnover, then it's up to you whether you register. Businesses that require to be endorsed as a gift deductible recipient or an income tax exempt charity or both, need an ABN.

Australian Business Register - Australian Business Numbers - www.abr.business.gov.au

From the Australian Business Register (ABR) website www.abr.business.gov.au, you can apply for an ABN online. Call the ATO on 13 28 66, if you want additional assistance with your application.

You will generally receive online notification of your ABN instantly upon completion of the ABN application but you must have supplied all the information required.

ABN will not be allocated directly, if all the all the information required has not been provided, or where more verification action is essential. Under this situation, your application will be processed manually by the ATO. For applying for an ABN online or by paper application, the ATO does not impose a fee. If you consult a tax agent to complete an application for you then only they may charge a fee for their services.

Source: www.abr.business.gov.au

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