Do I need an ABN?
Not everyone needs an ABN. To get one you need to be carrying on an enterprise.
If you apply for an ABN and you’re not entitled, your application may be refused. You’ll be sent a letter explaining why. With an ABN you can;
- confirm your business identity to others when ordering and invoicing
- avoid Pay as You Go (PAYG) tax on payments you receive
- claim Goods and Services Tax (GST) credits
- claim energy grants credits
- obtain an Australian domain name. (.com.au etc.)
What you need for your ABN Application
When applying for an Australian business number (ABN) online it is important to provide accurate details about your business or organisation to avoid delays in processing your free ABN application.
The proof of identity (POI) information provided in your application will be validated against other sources; for example, Australian Taxation Office (ATO) tax records and the Australian Securities and Investments Commission (ASIC).
If these details do not match, the application will be refused and in some instances, may be delayed. You may need to contact the ABR with alternate POI information to avoid your application being refused.
Before an application is processed, we check to make sure that the applicant doesn’t have an existing ABN record or submitted a previous application. If a match is found, the subsequent application is delayed.
The following information will help you prepare what you need for the application.
You will be asked if you currently have or previously held an ABN for the entity you are applying for.
Providing your tax agent’s number will enable them to undertake work on your behalf.
Companies and registrable Australian bodies will need to register with the Australian Securities and Investments Commission (ASIC) before applying for an ABN.
The legal name of an entity is the name that appears on all official documents or legal papers.
Your ABN application will be processed faster if you provide the TFNs requested.
You will be asked to provide the details of all your business locations.
The authorised contact must be able to deal with any issues relating to the business or organisation regarding its ABN.
All associates details must be provided during the ABN application.
Your main business activity is usually the activity that is the main source of income for your business or organisation.
The ABN will not be issued until the date you specify.
Before submitting your application you will be required to complete a declaration stating that the information you have provided is true and correct.