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Designing a Modern Australian Business Number System
Published on 31 Aug 18 by THE TAX INSTITUTE
The Tax Institute welcomes the opportunity to make a submission to Treasury in relation to the Designing a Modern Australian Business Number System Consultation Paper (Consultation Paper). A review of the Australian Business Number (ABN) system is supported. The use of an ABN has evolved considerably since its role as a core element of the introduction of the GST almost 20 years ago with the evolution of the economy and the increasing flexibility of the workforce. Our submission below addresses our main concerns in relation to the Consultation Paper. We note some general comments on certain aspects of the proposal to modernise the ABN system and a recommendation for the definition of “carrying on an enterprise” be the same for both the application for an ABN and applying for GST registration.
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THE TAX INSTITUTE
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
The Tax Institute is Australia's leading professional association and educator in tax providing the best resources, professional development and networks.