How to Get an ABN in Australia: A Complete Guide for New Businesses

Mar. 11, 2024

Starting a new business in Australia is an exciting journey, and one of the first steps you'll need to take is obtaining an Australian Business Number (ABN). This guide will walk you through everything you need to know about ABNs, including what they are, how they're used, and how to apply for one.

Unlock the key to starting your business in Australia with our 'How to Get an ABN: A Complete Guide for New Businesses' thumbnail. This visually engaging guide simplifies the ABN registration process, from choosing your business structure to receiving your ABN, designed to guide aspiring entrepreneurs through every step. Perfect for anyone looking to navigate the Australian business landscape successfully.

What is an ABN?

An ABN, or Australian Business Number, is an 11-digit unique identifier that is assigned to all businesses operating in Australia. It is a legal requirement for businesses to have an ABN for government and trade interactions, serving as a form of business identification.

What is an ABN Used For?

Having an ABN is essential for various business activities, including:

Identifying your business to others during trade or compliance activities
Registering a business name with the Australian Securities & Investments Commission (ASIC)
Invoicing and ordering goods or services
Registering for Goods and Services Tax (GST) or claiming GST credits
Registering for Pay As You Go (PAYG) withholding
Creating or registering an Australian domain name for your website
Processing taxes and other government-related activities

How to Set Up an ABN

Setting up an ABN is straightforward. You can register your details online, and your application will be processed by the Australian Business Register. If you're unsure whether you have a previous ABN, you can use the ABN Lookup tool to find out.

Online Registration for an ABN

To register for an ABN online, visit the ABN Registration Page.

What You Need to Register for an ABN

When registering for an ABN, ensure you have the following information ready:

A clear understanding of your business nature, intended source of turnover, and plans to trade
The type of business structure you're applying for (e.g., sole trader, partnership, company, trust)
Proof of identity
Tax File Number (TFN) for you and any business partners
Business advisor or tax agent number, if applicable
Date your ABN is required
Any previously held ABNs
Legal entity name
Business and personal details, including addresses, contact numbers, and emails
Intended business activity and income description
Australian Company Number (ACN) or Australian Registered Body Number (ARBN), if applicable

By providing clear and coherent information in your application, you can avoid the risk of rejection. Understanding your business structure is crucial, as it affects the legal obligations of your business.

Conclusion

Obtaining an ABN is a vital step for conducting legal trade in Australia. This guide has covered the essentials of what an ABN is, how it's used, and how to apply for one.

For further information or to apply for an ABN, please visit the How it works section of the website.

Read as well our Who Needs to Register for GST in Australia: A Comprehensive Guide.