Definition, Meaning & Synonyms
abn
Noun
ˈeɪˈbiːˈɛn
Definition
A reference to the Australian Business Number, a unique identification number that businesses in Australia use.
Examples
- The company registered for an ABN to ensure compliance with Australian tax laws.
- Before starting a business, it’s important to apply for an ABN.
- Sole traders must also obtain an ABN if they earn above a certain threshold.
Meaning
The ABN is used for tax and business purposes, allowing the Australian government to easily identify and track businesses.
Synonyms
- Australian Business Number
- Business identification number
