The Australian Business Register (ABR)
The Australian Business Register (ABR) will soon allow ABN holders to update their ABN details with additional four Australia New Zealand Standard Industrial Classification (ANZSIC) codes, up from just one as is currently available.
ANZSIC codes are the way business owners identify what type of business they run, so this increase will ensure ABNs more accurately reflect the diverse activities undertaken by many businesses. This will help regulators get a more holistic picture of what a business does, allowing for more tailored support and services.
The change is expected to be rolled out in December 2021. More information will be provided to ABN holders closer to this time.