Australian Business Number (ABN)

What is the Australian Business Number (ABN)?

The Australian Business Number (ABN) is a unique 11-digit identifier that is issued by the Australian Taxation Office (ATO) to identify businesses operating in Australia.

It is used for various business and tax purposes, including registering for Goods and Services Tax (GST), claiming tax credits, and dealing with other government departments and agencies. The ABN is required for all businesses in Australia, including sole traders, companies, partnerships, and trusts.

An ABN serves as a distinctive 11-digit identifier for your business in the eyes of the government and the public. With an ABN, you can:

  • establish your business’s identity when placing orders and creating invoices
  • exempt yourself from pay as you go (PAYG) tax on received payments
  • request refunds for goods and services tax (GST)
  • request grants for energy-related expenses
  • secure an Australian domain name

If you want to apply for ABN, please refer to ABR

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By automating the payroll process in accordance with Fair Work and EBAs, Workstem simplifies tasks such as overtime pay, allowances, loadings, and leave cashing out. The STP 2 reporting feature also enables businesses to comply with ATO.

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