a certificate of ABN registration issued by the Australian Business Registrar;
the ABN (and GST registration) will appear on ABN Lookup; and
the TFN will be sent to the nominated address for service and receipt of notices.
What information do you need for an ABN, TFN and GST application?
Our checklist outlines all the information you require.
Do I need an ABN for my discretionary (family) trust?
ABN's are not compulsory. However, there are many good reasons to have one, for example, an ABN will help you:
in dealing with other businesses when supplying goods or services to them, or when purchasing goods and services; and
to deal with the ATO and other government agencies.
Also, you need an ABN to register for GST.
If you are unsure whether to apply for an ABN, you should seek professional advice.
Is the trust entitled to an ABN?
To be eligible for an ABN, the terms of the trust must be set out in a trust deed or the terms must be implied. A trust must meet either one of the following 2 criteria:
The entity is any one of:
a charity in Australia;
a deductible gift recipient in Australia; or
an ancillary fund in Australia.
The entity can answer 'Yes' to each of the following statements:
The entity is:
carrying on an enterprise in any of the form of a business or regular or continuous grant of a lease, licence or interest in property;
renting or leasing out residential property; or
engaging in a one-off commercial transaction not done in the course of business.
Its activity is carried out in Australia or it makes supplies that are connected with Australia.
Its activity is not a private recreational pursuit or hobby.
When should I register for GST?
Entities carrying on an enterprise in Australia with a GST turnover of $75,000 or more, must register for GST. If you run a business and your GST turnover is less than $75,000, registering for GST is optional. Some types of business must register for GST regardless of their GST turnover, (eg. if you are a taxi driver).
You will need to apply for an ABN to register for GST.
If you are unsure whether you need to register for GST, contact the Australian Taxation Office, or contact your professional advisor.
Can I register for GST via Cleardocs if I already have an ABN?
If you decide to apply for GST at a later stage, or if you already have an ABN, you need to register directly with the relevant government agency. If your ABN application is delayed or refused you will not be able to continue to apply for other business registrations.
What happens if my ABN is refused and I receive a reference number?
If you receive a reference number it may mean that:
your identity (or the identity of an associate) cannot be verified, or
more information is needed.
The ABR will review your application within 20 business days. Cleardocs will contact you if further information is needed to complete your application.
If unsuccessful you will receive a refusal number. You will receive a letter within 14 days confirming your application has been refused.
Updating (or cancelling) your ABN
It is important to update your information with the ABR within 28 days of becoming aware of any changes to your ABN details. Your ABN may be cancelled if information shows you are no longer carrying on a business.
about how to use Cleardocs, contact the Cleardocs helpline on
1300 307 343.
about legal issues, contact the Cleardocs helpline on
1300 307 343. If you need advice, we will arrange for you to speak with a
lawyer at Maddocks. The firm provides a free legal helpline in relation to the documents
Cleardocs provides. If you require other legal advice in relation to your particular
circumstances, then this will be charged for.