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ABN Australia: What It Is, How to Apply for It, and Why You Need One to Work Independently
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ABN Australia: What It Is, How to Apply for It, and Why You Need One to Work Independently

Gabriel Belandria
Gabriel Belandria

If you already have a visa to work and study in Australia, you’re almost set. However, you still need to decide whether to work for an employer or be your own boss. If the latter sounds like you and you’re keen to start a business in Australia, besides your visa, you’ll need an ABN Australia.

If you’re not sure what an ABN Australia is, you’ve come to the right place. We’ll explain what it is, why you need it, how to apply, and more.

Look at the information we’ve gathered and make your dream of working independently in Australia a reality. It’s your chance to aim high, so don’t let it slip away.

You can work in Australia as a student! Ask for more details

What is an Australian Business Number Australia?

If you’re interested in working in the land of kangaroos, you may have heard about ABN Australia. The Australian Business Number, or ABN Australia, is an identification number that allows you to work independently. In other words, you can set up your own business in Australia.

This way, you can work as a freelancer or offer your services to an employer. For example, you might work as a cleaner in an office building or as a self-employed doctor. With ABN Australia, you get to set your own rates and decide how many hours you want to work each week.

Differences Between a TFN and an ABN Australia

First of all, let’s clarify that TFN stands for Tax File Number, which is an 8 or 9-digit number that identifies you for tax purposes. The difference is that, with a TFN, your employer deducts taxes from your salary based on how much you earn each month. Of course, you can later claim it back through a tax return.

On the other hand, with an ABN Australia, you’re responsible for paying taxes as a self-employed worker. This means you’ll need to keep a strict record of your invoices. Depending on how much income you earn during the financial year, you’ll need to pay the appropriate amount to the Australian Tax Office (ATO).

In addition to being able to work independently, having an ABN Australia comes with other benefits. For example, it’s completely free. Unlike in other countries, there’s no cost involved as long as your ABN Australia remains valid, aside from the taxes you need to pay.

Plus, as mentioned before, you can set your own rates and choose how many hours you want to work.

But that’s not all. When filing your taxes, you can deduct any expenses you’ve incurred, so make sure to keep all receipts for the entire fiscal year so you can submit them.

Additionally, if you’re travelling on a student visa, the first 18,200 AUD you earn each year is tax-free!

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Requirements to Apply for an ABN Australia

The first thing you’ll need to apply for an ABN Australia is a valid passport and, of course, a visa that allows you to work.

You’ll also need to have applied for and received your TFN. Without it, your ABN Australia application won’t be approved, and you won’t be able to work independently.

Additionally, before filling out the forms, you must decide on the structure of your business. In Australia, you can either set up a business alone, with a partner or even form a company. This is important because it will affect the taxes you pay at the end of each fiscal year.

The requirements for applying for an ABN Australia may vary depending on your situation, so it’s crucial to visit the official Australian Business Register website. There, you’ll find more detailed information on the requirements and the process to follow.

How to Apply for an Australian Business Number Australia

To apply for an ABN Australia, you have two options. You can visit the official Australian Business Register website, fill out the form, and wait for your application to be approved.

Alternatively, you can leave it all in our hands. If you travel to Australia with GrowPro, our team will assist you with the process.

In Australia, we offer Welcome Sessions for all our international students. During these sessions, our Experience Leaders will guide you step-by-step on how to obtain your ABN Australia. They’ll also provide you with more information to help you make the most of it.

Study in Australia with GrowPro!

We’ve already told you what an ABN Australia is, how to apply for it, and that our team can help you with the process.

Now, why not take the opportunity to study in Australia and enjoy a full experience of both study and work? It’s the best way to get to know Aussie culture. Fill out the form below to receive our personalised advice.

With GrowPro, you’re guaranteed to have the adventure of a lifetime. Our team will be there every step of the way to ensure your journey is unforgettable. Don’t wait any longer! Choose your ideal experience and get started.

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About the author

Gabriel Belandria
Gabriel Belandria

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