Monday, December 11th 2017


Why get an abn?

Interesting Question?   (5)   (6)

Answers (1)

10th Nov 2009 by Tobias John Sterling

An entity that operates a business in Australia should get an ABN (an Australian Business Number) for four reasons. First, they are free and easy to apply for on the Australian Business Register website (go to Second, they are necessary when applying to register for the Goods and Services Tax (GST), which is mandatory for any business with an annual turnover of more than AU$75,000. Third, not having an ABN means that other business must deduct 46.5% of any payment to you and remit it to the Australian Tax Office. Fourth, they make it easier for businesses to deal with all levels of government using just one identifier.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of

1st Nov 2009 In Business 1 Answers | 884 Views
Subjects: abn,

Answer This Question / Give Your Opinion
Why get an abn?

Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *

Give Your Opinion
Where to buy an investment property in Adelaide?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Where to buy an investment property in Adelaide?
Unanswered Questions in Business
Can i use my abn for two different businesess?
Where can you get traditional paper imprinters for a business?
What are Clearing house services?
What are BPOINT Receivables?

Answered Questions in Business
How to cancel abn?
What is the difference between abn and acn?
How to get an acn?
How to get an abn?
Why get an abn?
Ask A Question
Get opinions on what you want to know:
Specific to any country?