Standard Business Reporting (SBR) is a standard approach to online record-keeping, introduced by the government in 2010 attempting to simplify business reporting obligations. SBR is built into business/accounting software (SBR-enabled).
For consistency, SBR incorporates standard terms used across the government, linked to terms in business/accounting software.
SBR enables prefilling from recorded information in business/accounting software, as part of running your business into relevant government reports, submitted directly to meet obligations.
SBR aims to reduce preparation and submission times for businesses.
ABSIA continues to work with the government on SBR, representing and supporting Australian businesses and software developers/providers in the transition to and improvement of SBR.
For those members wishing to participate in this SIG, please email email@example.com.