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Partnering for simpler, better reporting
The Standard Business Reporting (SBR) Program is a multi-agency initiative led by Treasury and is aimed at reducing the reporting burden for business.
It is unique because it involves 12 agencies and jurisdictions and represents a long term partnership between government agencies, software developers, business and their reporting professionals, including accountants, bookkeepers and tax agents
SBR features include:
- pre-filled government forms so businesses only need to check for accuracy and validity before submission;
- a common reporting language based on international standards and best practice;
- a secure single sign-on to access all involved agencies; and
- direct online submission to the right agency, which will return an electronic receipt.
Australian businesses will save around $800 million per year when SBR is fully implemented. It will be available for use from July 2010.


