Australian Company Number - Evolution To ABN

Evolution To ABN

When the GST was introduced in Australia the government also introduced a number of complementary measures. These included the ABN, removal of wholesale Sales Tax exemptions and changes to the FBT and changes to the treatment of trusts and charities. A company's Australian Business Number (ABN) frequently includes the ACN as the last nine digits. The ABN indicates that a person, trust or company is registered with the Australian Business Register (ABR). The ABR facilitates and streamlines many Australian business-to-government and government-to-business processes, such as Australian Tax Office transactions involving the collection and remittance of the Goods and Services Tax (GST).

A similar Australian Registered Body Number (ARBN) is used for non-company entities such as registerable Australian bodies, and for foreign companies.