Australian Business Number – ABN

 

What is an Australian Business Number (ABN)? 

The Australian Business Number (ABN) provides a single identifier when dealing with the tax office or other government departments and agencies.

What do I need it for?

You need an ABN when dealing with the ATO regarding:

  • GST (e.g.: to claim GST credits)
  • The Diesel and Alternative Fuels Grants Scheme
  • Luxury Car Tax
  • Wine Equalisation Tax
  • Applying for an endorsement as a Deductible Gift Recipient
  • Applying for an endorsement as an income tax exempt charity

NOTE: You can also use an ABN to interact with the ATO on the PAYG system and Fringe Benefits Tax.

Who can get an ABN?

  • a company registered under Corporations Law in Australia or
  • a business entity carrying on an enterprise in Australia.

When must I get an ABN?

  • Your GST turnover is $75, 000 or more
  • You are a non-profit organisation with a GST turnover of $150, 000 or more
  • You need to be endorsed as a Deductible Gift Recipient
  • You need to be endorsed as an income tax exempt charity

If you need an ABN call the office on (03) 9585 7555 and ask for Noel or Amanda,
orcontact us by email.