Before applying for an ABN, you need to have decided on the right structure for your business e.g. sole trader or company.
To complete your ABN application – depending on your circumstances – you’ll need your:
- tax file number (TFN) and the TFNs of any associates – e.g. partners, directors and trustees.
- tax agent registration number
- professional advisor number – if you’re using the services of a professional advisor, you can provide their licence number e.g. Australian Financial Services licence (AFS licence)
- previously held ABN
- Australian company number (ACN) or Australian registered body number (ARBN). Companies and registrable organisations can register for an ACN or ARBN through the Australian Securities and Investments Commission (ASIC)
- date your ABN is required. This should be the date that you expect to start any business activities – e.g. buying stock. This date can’t be more than six months in the future when you apply
- entity legal name – appears on all official documents or legal papers
- authorised contacts – e.g. the applicant or tax agent. They must be authorised to make changes or update information on behalf of the entity
- associates’ details– associate requirements are different for each entity type
- business activity – usually the main source of income for your enterprise e.g. agriculture, construction, investment and manufacturing. Self-managed super funds may not be carrying on a business and therefore might not have a main business activity
- business locations – provide business locations for all premises operated by your enterprise, unless there’s a risk to safety of individuals as a result of the disclosure e.g. a women’s refuge.