The Turnbull Government has today officially launched the Business Registration Service providing a simpler and clearer way to register a business.
“Every year thousands of new businesses start-up around Australia, and to speed them through this process the Turnbull Government is making it possible to get multiple business and tax registrations online through our new stand-alone Business Registration Service,” the Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP said.
“The service will be more efficient for businesses, and they will avoid applying for registrations they don’t need.”
“The Business Registration Service is an integral part of the Government’s National Business Simplification Initiative,” Minister O’Dwyer said.
Over 140,000 registrations have been submitted since the trial version of the service was released in April 2017. The Business Registration Service has reduced the average time taken to obtain a business and associated licences to under 15 minutes.
“The response from users has been overwhelmingly positive and we’ve used it to continue making the service even better,” the Minister for Small and Family Business, the Workplace and Deregulation, the Hon Craig Laundy MP said.
“So far, we have made improvements to the payments screens, added links to Australian Business Licence and Information Service for state and local government registrations and licences; and started sending notification emails to direct users back to the dashboard for status of their registrations.”
The Government has achieved its goal of creating competition in the registration services market. The Application Programming Interfaces (APIs) that support the registration service were made public in February 2017 for use via approved third party registration services.
The Department of Industry, Innovation and Science, the Australian Taxation Office, the Australian Securities and Investments Commission, and the Department of the Treasury collaborated to develop the service available at business.gov.au.