Using Your Australian Company Number (ACN) & Australian Business Number (ABN) | McSweeney CA | Consulting Accountants
+61 2 9325 5777

Using Your Australian Company Number (ACN) & Australian Business Number (ABN)

Using your Australian Company Number

Benefits of the Australian Company Name (ACN

Under the Corporations Act 2001, every company in Australia has been issued with a unique, nine-digit number, an Australian Company Number (ACN), which must be shown on a range of documents. The purpose of the ACN is to ensure adequate identification of companies when transacting business. New companies are issued with numbers by the Australian Securities & Investments Commission (ASIC) upon registration.

The ACN is generated using an algorithm with the last digit being a check digit allowing the number to be verified.

Requirements

  • The Australian Company Number (ACN) is required to follow the company name the first time it appears in full (e.g. with Pty Ltd).
  • The ACN should not be printed in font smaller than is used for the company’s name.
  • The company name, ACN and Australian Business Number (ABN) should not be printed in type smaller or less legible than the standard of legibility of eight point Times [Roman].
  • If the entity is a Trust, the ABN of the Trust must be stated after the Trustee company name and ACN.
  • Australian Company Number and Australian Business Number. - See more at: http://asic.gov.au

Where the ACN must appear

A company's ACN should appear on all of its 'public documents' and 'eligible negotiable instruments' [s.153]. The items on which it should appear include:

  • All documents required to be lodged with ASIC;Statements of account, including invoices;
  • Receipts (which are not machine-produced);
  • Orders for goods and services;
  • Business letterheads;Official company notices;
  • Cheques, promissory notes and bills of exchange; and
  • Written advertisements making a specific offer which is capable of being accepted (such as by the completion of an order form).

If a company's name appears on two or more pages of a document or instrument, the ACN must be shown on the first of those pages following the company's name.

Where a number of separate companies are listed on a document (e.g., a letterhead) the ACN of each should appear and in such a way that makes clear the company to which each ACN relates.

While there are no specific requirements as to how an ACN should appear on a document, it should be clear, easily readable, and obvious as to the company to which it relates.

The ACN should be identified by the words 'Australian Company Number', or by the abbreviations 'ACN' or 'A.C.N.'.

Where the ACN is not required

The items on which the ACN is not required include:

? Packaging and labelling, including envelopes and transport documents;

? Advertisements which do not make a specific offer which is capable of being accepted (such as advertisements which only promote the company and its goods or services in general);Credit cards and credit card vouchers;Machine-generated receipts, including cash-register receipts;Business cards and 'with compliments' slips; andItems which are not documents (e.g., vehicles, television advertisements).

  • Packaging and labelling, including envelopes and transport documents;
  • Advertisements which do not make a specific offer which is capable of being accepted (such as advertisements which only promote the company and its goods or services in general);
  • Credit cards and credit card vouchers;Machine-generated receipts, including cash-register receipts;
  • Business cards and 'with compliments' slips; and
  • Items which are not documents (e.g., vehicles, television advertisements).

Australian Business Number

If your company has an Australian Business Number (ABN), you may use the ABN with your company's name in place of the ACN on company documents and negotiable instruments, provided that:

  • Your ABN includes your nine digit ACN; and
  • The quotation of the ABN is effected in the same manner in which quotation of the ACN would normally occur. (For example, a company is required to place its ACN with its name on the first page where that name appears in a document).
  • For further information about the legal requirements in relation to Australian Business Numbers, contact the Australian Taxation Office.
  • ACN or A.C.N. are acceptable abbreviations for Australian Company Number. A company may make contracts and execute documents without using a seal (see S.126 and S.127)

If your entity is a Trust, the Australian Business Number (ABN) of the Trust must be stated after the Trustee company name and ACN.

If you require any further clarification please contact us by email at mca@mcsweeneyca.com.au or call (02) 9325 5777.

Leave a Reply

Your email address will not be published. Required fields are marked *

Calendar Book Appointment
Form Make an Enquiry
Buildings Upcoming Events