It News for Australian Business

January 6, 2016 – 05:50 pm
Librarians rewrite the book on

Scott Morrison will move within weeks to discuss a deal with the states that could carve up income taxes.

Australian consumers remain confident despite a fall in spending last month.

Australia's leading chief executives demand Canberra follow through on broad tax reform.

Workers will carry the greatest burden in repairing the federal budget over the next five years.

Treasurer says deeper budget cuts would 'tank' the economy without making a significant dent to debt.

State budget to show net debt fell by more than $8 billion in the wake of the sale.

The government is set to spend an extra $35.9 million on paid parental leave over four years.

Morrison says any payment must be fair to the rest of Australia.

Mid-year budget update reveals health has borne the brunt of spending clampdown.

Australia’s potential growth could be no more than 2.5 per cent, well below the RBA and Treasury estimates.

In 2016, the Fed tightened four times, Sydney and Melbourne's housing markets defied the doomsayers and China’s rebalancing progressed well ... but how'd Donald Trump go?

In this week's essential reading guide, Kohler revisits the history of oil, Gottliebsen analyses China's impact on local retailers and Bartholomeusz tackles US markets.

Malcolm Turnbull's innovation rhetoric has given scientists and entrepreneurs a morale boost – with little in the way of substance to back up his claims.

The Mid-Year Economic and Fiscal Outlook report will take centre stage in local news, while the Federal Reserve will hog the spotlight abroad.

ABS data shows commercial finance down 0.9% in Oct, personal lending declines 3.2%

The latest employment numbers could have a positive impact on the mid-year budget update.

States would be given a dedicated share of all income tax revenue under a sweeping reform plan.

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Popular Q&A
What is the format of the Australian Business Number?

The following formula can be used to verify the ABN you are allocated or to verify the ABN issued to a business you deal with.
To verify an ABN:

  1. Subtract 1 from the first (left) digit to give a new eleven digit number
  2. Multiply each of the digits in this new number by its weighting factor
  3. Sum the resulting 11 products
  4. Divide the total by 89, noting the remainder
  5. If the remainder is zero the number is valid

Weight factors (for Step 2)
Digit Position

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