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Standard Business Reporting - Supporting Documents

Date:

Wednesday, 4 October 2006

Content ID:

1165

Abstract:

Standard Business Reporting (SBR) is an Australian Government initiative that will reduce the business-to-government reporting burden.

SBR has been co-designed by Australian, state and territory government agencies in partnership with software developers, business and their accountants, bookkeepers, tax agents, payroll providers, and other business intermediaries. Led by the Australian Treasury, the agencies participating in SBR are the Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC), Australian Taxation Office (ATO), Australian Bureau of Statistics (ABS), and all State and Territory Government revenue offices (ROs).

Australian business will save around $800 million per year when SBR is fully implemented. SBR will be available to use from 1 July 2010. SBR is focussing on financial reporting first, since this affects most businesses. Examples of the forms-in-scope include the Business Activity Statement (ATO), Financial Statement (ASIC) and Payroll Tax (State and territory revenue offices).

For more information about SBR visit the SBR website or email sbr@treasury.gov.au.

Documents Available:

No Documents available.

Related Items:

Standard Business Reporting Website - 29/03/2008

The Standard Business Reporting website was released on Friday 29 March 2008.

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