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        Information and FAQs

        ABN Number (Australian Business Number)

        An ABN is a unique 11 digit identifying number that businesses use when dealing with other businesses. You can apply for an ABN or access and update your ABN details online.

        ACN Number (Australian Company Number)

        An ACN is a 9 digit number that only registered companies receive in Australia used for identifying a company. Unlike ABNs, the Australian Securities and Investments Commission (ASIC) issues ACNs Numbers.

        Why do you need an ABN?

        Not every Company or Business needs an ABN Number. To get one you need to be carrying on an enterprise. Benefits of ABN:

        • It Confirm your business identity to others when ordering and invoicing.
        • Avoids Pay as You Go (PAYG) tax on payments you receive in your business.
        • Claim Goods and Services Tax (GST) Credits.
        • Claim Energy Grants Credits.
        • Obtain an Australian registered domain name.

        Type of Business Entities:

        There are 4 different types of business entities that can be registered in Australia:

        • Sole Proprietorship: A simple business form where the founder or the owner is the sole owner and also liable for the debts and obligations of the registered company.
        • Limited Liability Company: A Limited Liability Company can take the form of a Public or a Private Corporation.
        • Partnership: A collaboration between individuals who wish to run a business together in Australia.
        • Branch: Branch is used by foreign corporations that want to expand to the Australian market, it is dependent on the company abroad.