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The Australian Business Number (ABN) is a unique 11-digit identifier issued by the Australian Business Register (ABR) which is operated by the Australian Taxation Office (ATO). The ABN was introduced on 1 July 2000 by John Howard's Liberal government as part of a major tax reform, which included the introduction of a GST. The law requires each ...
The ABN facilitates and streamlines many Australian business-to-government and government-to-business processes, such as Australian Tax Office transactions involving the collection and remittance of GST. If a company has an ABN, it may use the ABN in place of the ACN on documents, preceded by the letters ABN.
A tax file number (TFN) is a unique identifier issued by the Australian Taxation Office (ATO) to each taxpaying entity—an individual, company, superannuation fund, partnership, or trust. [1] Not all individuals have a TFN, and a business has both a TFN and an Australian Business Number (ABN).
The Australian Taxation Office (ATO) is an Australian statutory agency and the principal revenue collection body for the Australian Government. The ATO has responsibility for administering the Australian federal taxation system , superannuation legislation, and other associated matters.
Before the 1998 election, Howard proposed GST that would replace all existing sales taxes, as well as applying to all goods and services. At the election, the Howard government suffered a swing against it of 4.61% at the election, achieving a two-party-preferred vote of only 49.02%, compared with Labor on 50.98%.
Revenue NSW is an administrative division of the Government of New South Wales that has responsibility for collecting New South Wales taxes. It was rebranded from the Office of State Revenue (OSR) and its fines division the State Debt Recovery Office (SDRO) on 31 July 2017. [ 1 ]
Australian Financial Service Businesses must submit an application to ASIC coupled with supporting documents to be assessed. Licensees are obligated to provide efficient, honest and fair financial services under the conditions of their AFSL and the Corporations Act 2001. [4]
The New South Wales Department of Finance, Services and Innovation, was a department of the Government of New South Wales that, until its 2019 abolition, functioned as a service provider to support sustainable government finances, major public works and maintenance programs, government procurement, information and communications technology, corporate and shared services, consumer protection ...