A-Z index

Selling or closing your business

Add or cancel a registration
Sometimes you may need to add or cancel a registration - for example, if you start employing people you need to register for pay as you go withholding. If you cease business you need to cancel your ABN and any tax registrations you may have.
Business viability assessment tool
Use our business viability assessment tool to determine whether a business is viable.
Changing, selling or closing your business
Closing your business
If you cease business, you must let us know. You may have to finalise some GST, employee, contractor or other obligations. You will have to keep your records, usually for five years.
If your business changes or ceases
You must cancel your GST registration within 21 days of selling or closing your business. You may also need to cancel your GST registration if you are restructuring your business.