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How Much Does an ABN Cost? (2019 Update)

How Much Does an ABN Cost? (2019 Update)

Want to obtain an ABN for your business or reactivate an existing ABN? Find out how much it costs and what requirements you need to be eligible here.

20th February 2019

When starting a business, an Australian Business Number (ABN) is one of the first things you’ll need. Both sole traders and companies need to have an ABN in order to trade.

This article will take you through the process of registering an ABN and what you can expect to pay.

Where can I get an ABN?

When trying to obtain an Australian Business Number (ABN) for your business, it can be confusing on where to apply, what costs are involved and the requirements you or your business need to satisfy to become eligible.

Luckily, LawPath can provide an easy solution to acquiring your ABN through our convenient ABN registration service allowing you to complete your application in under 5 minutes. Once submitted, we will accelerate your application and email you with a new ABN within 24 hours.

It is important to check if you are eligible and to determine what business structure is the most suitable for your business before applying.

How much does an ABN cost?

When using our easy to use application service, LawPath charges a one off fee of $50 to submit your ABN application to the ATO for processing. Along with registration, we provide you with:

  • A free LawPath account;
  • A free legal health check;
  • A ready to use and customisable legal document; and
  • A free consultation with a LawPath expert.

What benefits do I receive when registering an ABN?

Additional benefits to having an ABN for you and your business include:

  • Being able to register for GST or PAYG
  • Being able to register a business name and/or a domain
  • Payments will not be withheld. This is because business clients have to withhold 47% of payments if an ABN is not quoted on the invoice
  • Enhancing the legitimacy of your business by including an ABN on your tax invoices and/or website

What information do I need to supply?

When filling out an application, you will be required to submit details about your business, such as:

  • Locations where you will be trading
  • Contact details
  • Your tax file number (TFN)

For more information on the requirements to submit your application, including whether you are entitled to an ABN, check out our legal guide on how to apply for an ABN.

What about reactivating a cancelled ABN?

If your ABN has been cancelled, you can reactivate it by re-applying through the ABR website. Their system will recognise your pre-existing ABN and eventually display as active on the register.

It’s essential that you reactivate your ABN as soon as possible. This is because it’s an offence to quote an inactive ABN in a transaction.

For more on this topic visit how to reactivate your ABN.

Just remember

Depending on your business structure, additional costs may arise to legitimise your business, such as applying for an ACN if you are registering a company.

Register your ABN through LawPath now by completing our application process in less than 5 minutes.

Need more information? Contact a LawPath consultant on 1800 529 728 to learn more about customising legal documents and obtaining a fixed-fee quote from Australia’s largest legal marketplace. 

Logan Tennyson

Logan is a Paralegal working in our content team, which aims to provide free legal guides to facilitate public access to legal resources. With a passion for commercial and media law, his research explores how the law is adapting to emerging technologies and how this affects consumers and businesses alike.