ABN cancellation for partnerships
The Registrar of the Australian Business Register (ABR) will soon start cancelling the ABNs of partnerships where there is evidence they are no longer carrying on an enterprise.
If your client has not lodged an income tax return or activity statement for the last two years their ABN may be cancelled.
If we cancel your client's ABN, you will receive a letter with the reason and a phone number to ring to get the ABN reinstated immediately if you don't agree with the decision.
If your client's ABN is cancelled and you don't receive a letter, it could mean your client's contact details are not up-to-date on their ABN record.
Partnership ABNs will not be cancelled if they are:
- registered with Australian Charities and Not-for-profits Commission
- a not-for-profit
- a non-reporting member of a GST or income tax group
The ABN will also not be cancelled in cases where a known associate of the partnership has lodged an income tax return or business activity statement and declared business income or expenses.