Austman
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- Sep 21, 2007
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If that's the only reason you want an ABN, then no.
Legally, you have to be carrying out a business activity to obtain an ABN. There are penalties involved if the ATO catches you out making a false or misleading statement to obtain an ABN. From the ATO website:
When applying for an ABN it's important that the information you provide is true and correct. Making a false or misleading statement to the Australian Business Register may result in a penalty of up to $10,200.
More on penalties here: https://abr.gov.au/General-information/Making-a-false-or-misleading-statement
Do you really want to take that risk for a few thousand Aquire Points?
I'm also interested to know if it is worth getting an ABN if you don't need to have one.
I'm eligible for one if I want it. But I don't need to have one.
It seems that having an ABN carries some risks. Including "Unlimited Liability: The sole trader has unlimited liability, this means that all the assets of the sole trader (including personal assets) are at risk." Sole Trader Structure | All Business Structure
Is having an ABN, if you don't need to have one, worth it?