FAQ Articles

Can I use an existing ABN for my new company?

No. The ABN is a unique identifier for every business. The new company must register for a new ABN.

How can I track the progress of my ABN application?

If your ABN is deemed as requiring a manual review, the ABR will be in touch with you within 28 days. However we advise contacting the ABR directly to follow up with your application.

We can also communicate with the ABR on your behalf to find out what further information is needed but they usually prefer to resolve the issues over the phone with the authorised contacts of the business, which also helps to expedite the ABN granting process.

How long does the ABN registration take?

Provided you have given us all of the relevant information and the ABR has not flagged any information as needing review, Patricia Holdings are able to have your ABN to you immediately after lodging the application.

If information is missing or the ABR is not able to verify it, there will be a delay as your application will be processed manually which can take up to 28 days.

Only when an ABN has been issued by the ABR will the public details about the ABN become available on the ABN Lookup.

How do I apply for an ABN?

Patricia Holdings can assist you with applying for an ABN. Simply complete our online form, providing all the necessary details and we will handle the rest!

When you order your company or trust from us and also want an ABN or TFN, our online system auto-completes the application with information from your company or trust to save you time re-typing the same information. You can even use our online system to apply for an ABN or TFN if you didn’t order your company or trust from us. Most importantly, an experienced Patricia Holdings staff member will review your application prior to its final submission to the Australian Taxation Office, ensuring any problems with your application are identified early on saving you time and money correcting them later.

What are the benefits of getting an ABN?

There are multiple benefits to having an ABN. For example:

• Payment – if included on your invoices, your clients will not be required to deduct PAYG withholding tax of 47%.
• Authority – it provides clients with the confirmation that yours is an established business
• GST Registration – if you want or need to register for GST then an ABN is required.
• Banking – you will need an ABN to open a business bank account

Is the ABN the same as an ACN?

No. The Australian Company Number (ACN) is a nine-digit number issued by the Australian Securities and Investments Commission (ASIC). It is a unique identifier purely for companies, unlike an ABN which is issued to all entities conducting a business.

What is an ABN?

An Australian Business Number (ABN) is a unique 11 digit number that identifies your business to the government and community. The ABN is provided by the Australian Business Register (ABR).

The ABN does not replace the tax file number.