Exactly what is involved in registering a company?
The Australian Securities & Investment Commission can tell you all about your obligations when registering and running a company.

Where do I get a D-U-N-S number?
Applying for a D-U-N-S number is free. You can verify or apply for your D-U-N-S number at any time - follow the link.

I need to know a bit more about tax reform and my business?
The Australian Tax Office has an introduction to all the components of the new tax reforms and how it affects your business.

Is it possible to pay tax online?
Yes - take a look at the Australian Tax Office information on the options available

 

What is here? How to use About the ABN Media releases


What is here?
ABNsearch is a free service to help you check the ABN number and registered details of any business.

As all invoices you receive that include GST must also quote an ABN number, you may want to make sure that the ABN number quoted is correct. You will then be confidant your claim for input tax credit on the GST component of the invoice is legitimate.

The following information is provided free of charge on any Australian business entity – if available:
The Business name, ABN number, D-U-N-S number, Name Start, Type, Status, Class, Sub Class. (see the field definitions below)

How to use
Simply search for any business by the business name, D-U-N-S number, ACN number or ABN number.

When searching by business name you can;

- use "exact" which searches for any business name in the database that contains the letters exactly as you type them

- or use "sounds like" which phonetically matches the letters you type and matches by relevance ranking to the names on the database.

Select the name you want from the result list by clicking on the business name, or if you can't see the business, refine your search further.
More help on searching


About the ABN
An Australian Business Number, or ABN, is your key to the new tax system. It acts as one single number for your business to simplify reporting procedures. Your ABN is used in your dealings with the Tax Office and, in future, other government departments and agencies. Eventually it will replace your Australian Company Number (ACN) or Australian Registered Body Number (ARBN).

Must I get one?
If your yearly turnover is $50,000 or more, you must register for GST and will need an ABN.

Non-profit organisations with a yearly turnover of $100,000 or more, must register for GST too - and, therefore, need an ABN. Note, you may choose to register if you're below these thresholds, even if you're not a company.

Employees, people conducting a hobby and (in most cases) self-funded retirees, will not be entitled to an ABN. Nor will individuals or partnerships who are not conducting commercial activities with an expectation of profit.


Claim back GST
You need to be registered for GST and have an ABN to claim back the GST you've paid on goods and services for your business. If you don't have an ABN, other businesses will not be able to claim their tax credits for your supplies and may choose to do business with a supplier who is registered.

By when?
You must register before 31st May 2000. Companies that do not have an ABN face a punitive 48.5 per cent withholding tax on all income after 1st July 2000 and will be unable to claim input tax credits. In many cases, they will also find they are no longer part of corporate Australia's future supplier base. This is certainly the case when dealing with Federal Government Agencies.

Available fields defined:

Business name This is the registered name of the entity as recorded with:
- the Australian Securities & Investments Commission if it is a Company name
- or with the appropriate agency in each state if it is a Business name.

If a company carries on a business in a name which is different to its company name, it must register the business name with the appropriate State/Territory authority. These are: Registrar-General of Business Names (Australian Capital Territory), Department of Fair Trading (New South Wales), Office of Business Affairs (Northern Territory), Department of Equity and Fair Trading (Queensland), State Business and Corporate Affairs Office (South Australia), Corporate Affairs Office (Tasmania), Office of Fair Trading and Business Affairs (Victoria) and Business Names Registration Office (Western Australia).

Company name
A company name must be registered under the national Corporations Law administered by the Australian Securities & Investments Commission (ASIC). If a company wishes to trade using a name other than its registered company name, the trading name must be registered as a business name.
Business name
A business name is a name under which a business operates. Business name registration is compulsory and must be completed before the business starts trading. Registration is obtained under state or territory legislation, so businesses trading in more than one state or territory must register their name under the laws of each one.

ABN number The Australian Business Number - the single identifier for your dealings with the Australian Taxation Office (ATO) and for future dealings with other departments and agencies at all levels. It will eventually replace your Australian Company Number or Australian Registered Body Number
D-U-N-S number Dun & Bradstreet's Data Universal Numbering System, the D&B D-U-N-S Number, has become the standard for keeping track of the world's businesses. Its unique nine-digit code helps you identify and link more than 57 million companies worldwide.
ACN number The Australian Company Number - the purpose of the ACN is to ensure adequate identification of companies when transacting business. New companies are issued with numbers by the Australian Securities & Investments Commission (ASIC) upon registration. To be eventually replaced with the Australian Business Number.
Name Start The date the business name was registered
Type The type of business entity, such as "Australian Proprietary Company" or "No Liability Company". Company type is defined at registration and refers to a company's constitution and replaceable rules. See the ASIC for more information.
Status The current status of the business entity eg. "Registered"
Class The class of the business entity

eg. if a company, whether it is "limited by shares" or is a "no liability company". In the case of proprietary companies, (as stated in Section 112 of the Corporations Law), they must be either:

  1. limited by shares; or
  2. an unlimited company that has a share capital
Sub class The sub class of the business entity, generally referring to the public/private availability of the shares in the company.

 

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