Hume City

Business trends

The number of GST registered businesses in the Hume City increased by 268 in the Jun-24 Quarter. There were 1,136 new GST registrations and 868 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

loading animation
Looking for the official business count? Businesses by Industry.
Business trends by industry sector
Hume City - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 1,136868+268
Mar-2024 1,213601+612
Dec-2023 1,139615+524
Sep-2023 1,8121,047+765
Jun-2023 1,268557+711
Mar-2023 1,353536+817
Dec-2022 1,169711+458
Sep-2022 1,6461,438+208
Jun-2022 1,1141,065+49
Mar-2022 1,530618+912
Dec-2021 1,390451+939
Sep-2021 2,880630+2,250
Jun-2021 1,489426+1,063
Mar-2021 1,346428+918
Dec-2020 915305+610
Sep-2020 1,338497+841
Jun-2020 720308+412
Mar-2020 1,012355+657
Dec-2019 881404+477
Sep-2019 1,324452+872
Jun-2019 802360+442
Mar-2019 843338+505
Dec-2018 807323+484
Sep-2018 1,293455+838
Jun-2018 839504+335
Mar-2018 782222+560
Dec-2017 737386+351
Sep-2017 1,270569+701
Jun-2017 767488+279
Mar-2017 775237+538
Dec-2016 683304+379
Sep-2016 1,133587+546
Jun-2016 587436+151
Mar-2016 579253+326
Dec-2015 513362+151
Sep-2015 806518+288
Jun-2015 462460+2
Mar-2015 469358+111

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

Please refer to specific data notes for more information

Hume City

economic profile