ABN Registration

[jamesau]

I've recently moved across the world from the UK to Australia and am hoping to start building some Australian exclusive sites using .com.au domain names. I went to register a couple and then discovered I need an ABN. Having now briefly looked into an ABN, I see they are free to register.

I just wanted to know if any aussies out there have one, and what the purpose of one is? Does having an ABN mean I will automatically get hit by tax for buying a domain name and making a few bucks from ads on my sites? As a 19 year old freelance web designer, am I eligible for one?

Thanks in advance for any help.

Cheers,

James Rayers

 

[soj]

ABN is just like an extension to your personal tax file number to say that you're operating a business, unless of course, you're running in a parternship, etc. Anyone's eligible for an ABN, regardless of age. Basically, whether or not you have an ABN you should be declaring any income you're recieving inclusive of making money from ads.

(Someone please correct any information I may be wrong about.)