Banana Shire

Business trends

The number of GST registered businesses in the Banana Shire increased by 8 in the Jun-24 Quarter. There were 41 new GST registrations and 33 GST cancellations.

The Australian Government recently updated ABR data coding to align with the new Australian Statistical Geography. These changes were not communicated to ABR data users and caused anomalies in our published trend data due to previous processing methods. As a result, data for the last two quarters (Dec-23 and Mar-24) has been revised. More details are available here.

The Australian Business Register (ABR) is a register of all business entities and sole traders in Australia, based on Australian Business Numbers (ABNs), maintained by the Australian Taxation Office.

While ABR business data does not pick up all operations in a region (some companies are not registered at the location where they undertake commercial operations), the time-series data can be quite insightful. It can give you an indication of the short-term impacts of macro-events, and can also offer a sign as to how favourable local conditions are to establishing new businesses during normal times.

Changes in business counts by industry can show structural shifts within the economy and identify growth and declining industries. For example, growth industries will have high entry and exit rates due to the high failure rates of first movers and smaller high growth enterprises. Declining sectors will have low entry and high exit rates.

The raw business register dataset contains large numbers of ABNs which are not relevant to local government planning, including trusts, superannuation funds, non-active businesses and micro businesses not registered for GST. These have been filtered out of the data presented here, to provide a more meaningful dataset for Local Government Decision making.

Data are presented as aggregates of ABNs at the Local Government level for each of the time period. The graph of the number of GST registered businesses, the number of new GST registered businesses, and the number of cancelled GST registerations can be selected at the 1-digit ANZSIC classification level. For more information, including actual business locations and name and address details, LGAs are entitled to access the raw ABR unit record dataset directly from the ATO.

Data source

Australian Business Register - filtered counts - Current at November 2024

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Looking for the official business count? Businesses by Industry.
Business trends by industry sector
Banana Shire - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 4133+8
Mar-2024 3418+16
Dec-2023 3834+4
Sep-2023 6144+17
Jun-2023 4720+27
Mar-2023 4831+17
Dec-2022 3835+3
Sep-2022 5745+12
Jun-2022 3922+17
Mar-2022 4720+27
Dec-2021 4021+19
Sep-2021 6641+25
Jun-2021 3414+20
Mar-2021 2714+13
Dec-2020 2819+9
Sep-2020 5531+24
Jun-2020 4615+31
Mar-2020 3921+18
Dec-2019 2218+4
Sep-2019 5637+19
Jun-2019 279+18
Mar-2019 3710+27
Dec-2018 2513+12
Sep-2018 5431+23
Jun-2018 2631-5
Mar-2018 2811+17
Dec-2017 4414+30
Sep-2017 5628+28
Jun-2017 2226-4
Mar-2017 3112+19
Dec-2016 3118+13
Sep-2016 4338+5
Jun-2016 2829-1
Mar-2016 3211+21
Dec-2015 2319+4
Sep-2015 5235+17
Jun-2015 1832-14
Mar-2015 2119+2

Source: Australian Business Register. ©2024 Compiled and presented in economy.id by .id (informed decisions).

Please refer to specific data notes for more information

Banana Shire

economic profile