Australian Business Number (ABN)
Do I need to have ABN?
Although most students do not need it to work in Australia, ABN can be very useful for self employer workers (for example architects, IT specialists, house cleanings or labors). You can find at www.ato.gov.au all necessary information, in which cases you must have an ABN and ABN of what type.
What are the advantages of working under ABN conditions?
- get paid according to your tasks, not according the hours you have worked
- have more possibilities to deduct taxes, which you have to pay at the end of Australian financial year (for example phone bills, costs of keeping an Australian bank account etc.)
How can I apply for an ABN?
Just go to
www.abr.gov.au and make your application online. As the submission of an application for an ABN is more difficult than the application for a TFN, Information Planet recommends you to contact our team of experienced advisors to help you with this application.
Don't forget that you can apply for an ABN only if you already have a Tax File Number.