World Library  
Flag as Inappropriate
Email this Article

Australian Business Number

Article Id: WHEBN0000718269
Reproduction Date:

Title: Australian Business Number  
Author: World Heritage Encyclopedia
Language: English
Subject: Australian Christian Lobby, Luxury Car Tax, Taxation in Australia, Australian Registered Scheme Number, Tax file number
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Australian Business Number

The Australian Business Number (ABN) is a unique identifier issued by the Australian Business Register (ABR) which is operated by the Australian Taxation Office (ATO). The ABN is a component of the System introduced by John Howard's Liberal government on 1 July 2000.

Contents

  • Australian Business Register 1
  • Entitlement to an ABN 2
  • Applying for an ABN 3
  • Format of the ABN 4
  • See also 5
  • References 6
  • External links 7

Australian Business Register

The Australian Business Register (ABR) is maintained by the Registrar of the ABR, who is also the Commissioner of Taxation.[1] The Registrar registers entities and, in doing so, issues them with an ABN.[2]

Entitlement to an ABN

The Registrar issues ABNs only to entities who are entitled to an ABN.[3] Entities do not have to be individuals (natural persons) or companies (legal persons). An entity can be:

  • an individual; or
  • a body corporate; or
  • a corporation sole; or
  • a body politic; or
  • a partnership; or
  • any other unincorporated association or body of persons; or
  • a trust; or
  • a superannuation fund.[4]

For an entity to be entitled to an ABN, it must be:

  • carrying on an enterprise in Australia;[5] or
  • carrying on an enterprise that makes supplies connected with Australia;[6] or
  • a company registered under the Corporations Act 2001 (Cth).[7]

Whether or not an entity is carrying on an enterprise is a question of fact and there are many circumstances where an entity will be carrying on an enterprise. Without being exhaustive, an entity will be carrying on an enterprise if:

  • it is in the form of a business; or
  • it leases property; or
  • it is a religious institution; or
  • it is a superannuation fund; or
  • it is an arm of the government; or
  • it is a charity.[8]

The Registrar of the ABR can refuse an entity's application to be registered.[9] Equally, the Registrar can cancel an entity's registration and thus their ABN.[10] Both of these decisions are reviewable taxation decisions.

Applying for an ABN

There are three ways to legally apply for an ABN:[11]

  • through the Australian Business Register portal
  • using the services of a Registered Tax Agent, or
  • a paper-based application via the ATO

Format of the ABN

The ABN is an eleven digit number where the first two digits are a checksum. Unlike with the tax file number (TFN), the ATO has publicised the formula for checking and creating valid ABN checksums. Also, the nature of the ABN algorithm means that any 9-digit number can be made into a valid ABN.

In the case of companies, the ATO determines the ABN by using the company's Australian Company Number (ACN) to which is prefixed the two-digit checksum.

See also

References

  1. ^ Section 28 of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  2. ^ Section 11 of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  3. ^ Section 8 of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  4. ^ Subsection 184-1(1) of the A New Tax System (Goods and Services Tax) Act 1999 (Cth).
  5. ^ Paragraph 8(1)(a) of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  6. ^ Paragraph 8(1)(b) of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  7. ^ Subsection 8(1) of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  8. ^ Section 9-20 of the A New Tax System (Goods and Services Tax) Act 1999 (Cth).
  9. ^ Section 13 of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  10. ^ Section 18 of the A New Tax System (Australian Business Number) Act 1999 (Cth).
  11. ^ http://www.ato.gov.au/businesses/content.aspx?doc=/content/33384.htm&mnu=43088&mfp=001/003

External links

  • Australian Business Register
  • ABN Lookup
  • ABN Information
  • Format of the ABN
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.