9th Nov 2009 by Tobias John Sterling
ABN stands for Australian Business Number. ABNs are unique 11-digit numbers assigned to entities conducting business in Australia. They are assigned by the Australian Taxation Office (ATO) following an application for one by the entity, and their purpose is to identify the business to other businesses and to the government. They are necessary in order to register for the Goods and Services Tax (GST).
ABNs can be cancelled at any time via the Australian Business Register website (http://www.abr.business.gov.au/). This should be done if the entity's enterprise(s) has been sold, has ceased trading, is no longer carried on in Australia (or is not making supplies connected with Australia), has taken on the characteristics of a recreational pursuit or hobby, is done as an employee, or is done without reasonable expectation of profit.
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