2B Additional Terms

Question 1

(ABN) Australian business number

Answer 1

(ABN) Australian Business Number is an 11 digit number that is used to identify a business.

Question 2

(GST) Goods and Services Tax

Answer 2

(GST) Goods and Services Tax is a tax imposed on the sale of most goods and services.

Question 3

(TFN) Tax File Number

Answer 3

(TFN) Tax File Number is a 9 digit number issues by the Australian taxation office to individuals and businesses for taxation purposes.

Question 4

(ATO) Australian Taxation Office

Answer 4

(ATO) Australian Taxation Office is a government agency that collects revenue for the Australian government.

Question 5

(ABLIS) Australian Business Licence and Information Service

Answer 5

(ABLIS) Australian Business Licence and Information Service is a FREE government service that helps business owners determine what licences ,permits, registrations and approvals and required to operate in specific industry.