What do I need when I start up my business?
Use our handy guide below to see what business and tax registrations you need for your business:
||Do I need it for my business?
|Australian Business Number (ABN)
This is the key identifying number for your business when you deal with the Australian Tax Office (ATO), government agencies and other businesses.
To be entitled to an ABN, you must be either:
|Tax File Number (TFN)
All businesses need a TFN.
|Goods and Services Tax (GST)
You must register for GST if:
|Pay As You Go (PAYG) Withholding
You must register for PAYG withholding if
|Fringe Benefits Tax (FBT)
You must register for FBT if you provide employee or director fringe benefits
These could include, for example,
Register now: First time business owners
You can apply for the following registrations in the same online session as your ABN application:
- PAYG withholding
- business name
ATO recommends that you register for an AUSkey. AUSkey will enable you to securely access a range of Australian Business Register and other government agency servicse (including the ATO) with one identifier and password.
Register now: Existing businesses - add or cancel a registration
If you already have an ABN, you can add or cancel the following registrations at the ATO Business Portal:
- PAYG witholding
You will need an AUSkey to complete your application.
Note: if you need to update, change or cancel your business name, you need to do it at the ASIC Connect website.
Registrations with the Consumer Affairs Victoria (CAV)
In addition to the business and tax registrations listed above, if you or your staff are engaged in the following occupations, it is a legal requirement to register with the CAV:
conveyancers, debt collectors, estate agents, introduction agents, motor car traders, sex work service providers, travel agents
Builders and tradespeople, caravan and residential park operators, funeral providers, owners corporation managers, retirement village operators, second hand dealers and pawnbrokers
Get the help you need all in one spot - ABLIS
ABLIS, the Australian Business Licence and Information Service helps you find all the government licences, registrations, permits, approvals, codes of practice, standards and guidelines you need for your business, quickly and easily, and all in one place. It also builds a personalised report listing everything you'll need to apply for.
Use the Australian Business Licence and Information Service (ABLIS) to build your own report with:
- all the local, state and federal licences, registrations and permits you need,
- application forms, with links to online registrations,
- contact details for the local, state and federal agencies you'll need to deal with.