Cancellation of ABN's
The Australian Business Register (ABR) is running a program to cancel the Australian business numbers (ABN) of individuals where records show they are not carrying on an enterprise. The program started in December 2011 and will continue throughout 2012. The ABR regularly reviews applications and cancels the ABN's of individuals who are no longer entitled, or who have never been entitled, to an ABN.The program aims to improve the accuracy of data held in the ABR. The ABR helps the community in
a number of ways, including:
■■ through the use of ABN Lookup to check information regarding the ABN status of businesses, and■■ supporting more than 300 government agencies that use ABR data to identify and interact with business.
If your ABN is cancelled, you will receive a letter providing the reason and your review rights.
If you don’t agree with the Registrar’s decision, you can object. If you can show you are entitled to have
an ABN, your registration will be reinstated.
For further information contact A Grade Tax Accountants Penrith for tax accounting, bookkeeping and tax advice on (02) 4731-1405.
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