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Automated ABN search saves time for small business.



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The Hon Fran Bailey MP Minister for Small Business and Tourism

AUTOMATED ABN SEARCH SAVES TIME FOR SMALL BUSINESS

(Last reviewed: 3 Dec 2004)

A new business initiative that could save a small business anywhere from an hour to several days per month in bookkeeping time was launched today by the Minister for Small Business and Tourism, Fran Bailey.

“One of the bookkeeping difficulties facing many businesses is that they need to make multiple ABN searches regularly to verify the details of those organisations they are doing business with,” Fran Bailey said.

“ABNLook-up provides businesses with a free, simple and quick way to check the details of other businesses. It automates what has previously been at times a repetitive process.

“The Australian Government is committed to reducing the red tape burden to enable small business to get on with business. ABNLook-up will give small businesses more time to get on with what they do best.”

The number of ABNs a small business has to verify each day, or each month, will vary depending on the type and size of the business. This new tool could save a small business anywhere from an hour up to several days per month.

The ABNLook-up means that businesses do not need to manually key in ABNs each time they re-check business details. Details are entered only once in a spreadsheet - from then on the process is completely automated.

This whole of government innovation was developed by the Business Entry Point (BEP) in conjunction with the Australian Taxation Office to assist small business.

ABNLook-up can be downloaded for free at www.abr.business.gov.au.

ABNLOOK-UP FACT SHEET

The Business Entry Point (BEP) has hosted the ABRpublic website since the introduction of the new taxation system in 2000. The information displayed on ABRpublic is provided from the Australian Taxation Office and is the public information from the Australian Business Register.

The Register contains information provided by businesses when they apply for an Australian Business Number (ABN). Importantly, only public information is available on the ABRpublic. This includes:

• ABN

• The status of the ABN • Legal name • Trading name • Entity type • State or Territory • Postcode • Effective date of GST registration • Deductible gift recipient status • Australian Company Number (ACN) or Australian Registered Body Number

(ARBN)

One of the difficulties facing many businesses is that they need to make multiple ABN searches on the ABRpublic website regularly as part of their book-keeping. This activity is a necessary component of running a business and the verification of ABNs is a critical function.

The ABNLook-up is a tool that has been developed by the Business Entry Point to help small businesses save time and money. It provides a simple and easy way to undertake multiple searches on the ABRpublic website using either an ABN or an ACN.

This innovative tool will avoid the need to manually type in ABNs each time a business needs to check the details of other businesses. Now they can put in the ABN or ACN of the businesses they deal with into the ABNLook-up spreadsheet and from then on the business details are up-dated automatically.

To use the ABNLook-up spreadsheet businesses will require:

• Excel 2000 or above • Access to the internet

The ABNLook-up is free and is available on www.abr.business.gov.au and can be downloaded quickly and easily. There is also a step by step guide available to help businesses set-up and use the ABNLook-up tool.