How Much Does an ABN Cost in Australia? Fees & What You Need to Know

If you're starting a business in Australia, one of the first things you'll need is an Australian Business Number (ABN). The good news is that applying for an ABN is completely free when you do it directly through the Australian Business Register (ABR).

In this guide, we'll break down everything you need to know about ABN costs, including any fees to watch out for and how to get your ABN without paying a cent.

Is There a Fee to Register for an ABN?

No. Registering for an ABN through the Australian Business Register is free. The ABR is a government service, and there is no charge for submitting your application online at abr.gov.au.

However, some third-party services and agents charge fees ranging from $50 to $150 or more to lodge your ABN application on your behalf. While these services can be convenient, they are entirely optional.

What About ABN Renewal Costs?

Unlike some business registrations, an ABN does not expire and does not require renewal. Once you have your ABN, it remains active as long as you are entitled to it. There are no annual fees or renewal charges.

If your ABN is cancelled due to inactivity, you can reapply for free through the ABR.

Costs You Might Encounter When Starting a Business

While the ABN itself is free, there are other costs associated with starting a business in Australia that you should be aware of:

Business name registration: $44 for 1 year or $102 for 3 years (through ASIC)
Company registration: $576 for a standard company registration
GST registration: Free (required if your turnover exceeds $75,000)
Domain name: Varies, typically $10-$50 per year
Business insurance: Varies depending on your industry

How to Apply for an ABN for Free

Applying for your ABN is straightforward:

1. Visit the Australian Business Register at abr.gov.au
2. Click 'Apply for an ABN'
3. Answer the eligibility questions
4. Provide your identity details (TFN, name, date of birth)
5. Enter your business details
6. Submit your application

Most applications are processed immediately, and you'll receive your ABN right away.

Manage Your ABN and Business Finances with ANNA Money

Once you have your ABN, you'll need a business account to manage your finances. ANNA Money offers Australian businesses a smart business account with built-in bookkeeping, invoicing, and expense management.

Open an ANNA Money business account today and streamline your business admin from day one.

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