How to Reactivate Your Previous Individual ABN

If you previously had an Australian Business Number (ABN) and need to reactivate it, the process is straightforward. Reactivating your ABN is essential if you plan to resume your business activities in Australia. This article will guide you through the steps to reactivate your ABN, the benefits of reactivating, and provide answers to frequently asked questions.

Why Reactivate Your ABN?

Reactivating your ABN is necessary for several reasons:

• Legal Requirement: An active ABN is required to legally operate a business in Australia.
• Business Continuity: Reactivating your ABN ensures that your business can continue operating without interruption.
• Tax Purposes: An ABN is required for tax reporting and GST registration if applicable.
• Invoicing: You need an active ABN to issue valid invoices to clients and customers.
• Access to Government Services: An ABN allows you to access various government services and support programs.

Steps to Reactivate Your Previous ABN

Follow these steps to reactivate your previous individual ABN:

Step 1: Gather Necessary Information

Before you begin the reactivation process, ensure you have the following information ready:

• Your previous ABN
• Personal details (full name, date of birth, tax file number)
• Business details (business name, structure, and start date)
• Contact information

Step 2: Visit the ABN Registrar Website

Navigate to the ABN Registrar website and locate the ABN reactivation section.

Step 3: Complete the Online Reactivation Form

Fill out the reactivation form with your previous ABN and the necessary details. Ensure all information is accurate to avoid delays.

Step 4: Submit Your Application

Review your information and submit the reactivation form. You will receive a confirmation email once your application is processed.

Step 5: Await Confirmation

Your reactivated ABN will be sent to you via email. You can now resume your business activities in Australia with an active ABN.

FAQs

Can I reactivate an ABN that has been cancelled for a long time?

Yes, you can reactivate an ABN regardless of how long it has been cancelled. Ensure you provide accurate information during the reactivation process.

What if I don't remember my previous ABN?

If you don't remember your previous ABN, you can use your tax file number (TFN) to retrieve it through the Australian Business Register (ABR) website.

How long does it take to reactivate my ABN?

Most ABN reactivation applications are processed within a few minutes. However, it may take longer if additional information is required.

Do I need to register for GST again after reactivating my ABN?

If your business turnover exceeds $75,000, you must register for GST. You can do this during the ABN reactivation process or at a later time.

Can I reactivate my ABN if my business structure has changed?

If your business structure has changed, you may need to apply for a new ABN. Contact the ABN Registrar for guidance on your specific situation.

Is there a fee for reactivating my ABN?

Yes for reactivating your ABN.

Conclusion

Reactivating your previous individual ABN is a simple and important step to ensure your business operates legally in Australia. By following the steps outlined in this guide, you can quickly reactivate your ABN and continue your business activities without interruption. Visit the ABN Registrar to start the reactivation process today.