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Ombudsman says there are more ABN’s than businesses

Ombudsman says the number of Australian Business Numbers around the country is not an accurate representation of businesses in Australia.

Statistics show there are reportedly currently 7.7 million businesses in Australia.

The Ombudsman attributes sham contractors and people with multiple ABN’s as the reason this number is so high.

Family and Small Business Ombudsman Kate Carnell tells Ross Greenwood there are actually only three million businesses.

“It’s not actually possible to have that many businesses.

“There can’t possibly be seven million people who need an ABN.

“There’s a whole lot of ABN’s out there that are being held by people who maybe have multiple ABN’s.”

Click PLAY below to hear the full interview

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