The ATO has advised that from Wed 28.3.2012, the Australian Business Register (ABR) will be upgraded to improve functionality for registered tax agents. It says the upgrade will enable registered tax agents to log in and complete ABN applications on behalf of their clients.
Further, the ATO says the ABR will now link to a new national business registration service, which replaces the current State and Territory systems. As a result, it said businesses will now only need to register their names once.
For tax practitioners with clients who have existing registered business names, the ATO says the registration details will be automatically transferred to the new national registration service.
[LTN 60, 28/3]