Important communication to all ABN holders, the ABN is liable for cancellation due the below reason:
- If you haven’t reported business activity in your tax return
- No signs of business activity in other lodgments
- All ABN holders have a responsibility to keep their business details up to date including no longer operation
The above will enable the Australia government to maintaining the integrity of data, identify where financial disaster relief is needed during natural disasters.
Source – ATO
