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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.
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.
Not every Company or Business needs an ABN Number. To get one you need to be carrying on an enterprise. Benefits of ABN:
There are 4 different types of business entities that can be registered in Australia: