Your Friendly Guide to ABN Registration

Understanding the ABN

An Australian Business Number (ABN) uniquely identifies your business or organization with an 11-digit code. This identifier is crucial for interacting with the government and the community. However, not everyone qualifies for ABN registration. Misapplying for ABN registration, registering for GST, or claiming GST refunds without entitlement can lead to serious legal consequences.

Eligibility and Reviews

At any time, authorities may review your entitlement to an ABN. During such a review, you must provide evidence of your business activities or the steps taken to start your business from the date mentioned in your ABN application.

ABN Registration

You can register or reregister for an ABN through the official ABR website here. Having your tax file number and other identification information ready will speed up the process. If you’re missing some information, you can start your application and save it for later, but delays are likely.

Successful Application

When the authorities approve your application, you will receive your ABN immediately. Be sure to print or save your ABN confirmation details. With your ABN, you can then register for other business necessities like GST. Additionally, your business details will be added to the Australian Business Register (ABR). If privacy is a concern, you can request to keep certain details undisclosed. Moreover, you must keep your ABN details up to date.

If the authorities need additional information for your application, they will provide you with a reference number. Typically, the review process takes up to 20 business days. You can check the status of your ABN application anytime via the ABN Lookup tool. A confirmation letter will be sent within 14 days after approval.

Unsuccessful Application

In case of a refusal, the authorities will issue you a refusal number and a detailed letter within 14 days, outlining the reasons for the denial and your review rights. Remember, not everyone is eligible for an ABN.

Need Assistance?

At Wistax, we are here to help you navigate the ABN application process. Contact us today for personalized support and ensure your business starts on the right foot.

abn registration

All WISTAX today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312 if you want to join our fast growing accounting franchisee business