business

Business

An organisation or person supplying goods or services.

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Role, powers and limits

Role
  • An organisation or person supplying goods or services.
Authority source
See the linked official guidance for the relevant legal or contractual basis.
Powers
  • No separate powers claim is made for this concept in the initial dataset.
Limits
  • Business forms and obligations differ; not all businesses are companies.
Oversight
  • No separate oversight claim is made for this concept in the initial dataset.
Review / appeal
  • No separate review / appeal claim is made for this concept in the initial dataset.
Money flows
  • Spending flows to suppliers in exchange for goods or services.
  • GST-registered businesses account for applicable GST, with credits and exceptions.
  • Corporate bonds are debt claims against company issuers.
  • Advertisers pay to reach audiences.

Connected relationships

documented-fact

PERSON → purchases → BUSINESS

Spending flows to suppliers in exchange for goods or services.

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GST: overview
documented-fact

BUSINESS → remits → ATO

GST-registered businesses account for applicable GST, with credits and exceptions.

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GST: overview
documented-fact

ASIC → regulates → BUSINESS

Regulates companies within its remit; not every business is a company.

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Our role

Primary and official sources

What we can and cannot do for consumers GST: overview

Last verified:

Atlas