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In joint media release No 2010/081, issued 1 July 2010, the Minister for Finance and Deregulation, Lindsay Tanner, and the Minister for Financial Services, Chris Bowen, announced that Standard Business Reporting (SBR) commenced on 1 July 2010.

SBR offers Australian businesses, accountants, bookkeepers, tax agents and payroll professionals a quicker and simpler way to complete and lodge reports to Government.

"From today businesses and reporting professionals using SBR-enabled software will be able to pre-fill and complete government forms directly from their own accounting system and lodge electronically to participating government agencies using the single secure sign-on AUSkey," Minister Bowen said.

SBR reports include the Business Activity Statement, Tax File Number Declarations, PAYG payment summaries, payroll tax returns and financial statements.

For more information, go to the Standard Business Reporting website here


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