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August 4, 2021

ABNs: What are they and why is it important to get them right on your business contract?

By Gemma Nugent

ABNs… a tiny little detail that is so easy to get right, and yet so often mangled.

Australian businesses are legally required to have an Australian Business Number, or ABN.

But what is an ABN? What’s the point of it? Why should you worry about getting them right on your contract, and what can you use them for?

I find clients either totally ignore them (which is a missed opportunity for gathering some intelligence about commercial partners) or else overemphasise their significance.

I suspect this is because ABNs are a bit of a mystery.

This video gives a quick rundown on ABNs.

Visual Elements in Contracts

People often tell me that contracts are long, boring, and hard to read. Hopefully, that’s not the case with my

Subcontracts with Suppliers

In this video, I discuss the importance of having formal subcontracts with suppliers.

I explore why formal agreements are crucial for maintaining clear, effective supplier relationships. These subcontracts help define expectations, outline responsibilities, and set quality standards to avoid potential misunderstandings.