City of Knox

Business trends

The number of GST registered businesses in the the City of Knox increased by 138 in the Jun-24 Quarter. There were 442 new GST registrations and 304 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
City of Knox - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 442304+138
Mar-2024 422274+148
Dec-2023 404308+96
Sep-2023 633502+131
Jun-2023 443307+136
Mar-2023 444291+153
Dec-2022 393345+48
Sep-2022 675598+77
Jun-2022 440411+29
Mar-2022 538287+251
Dec-2021 476286+190
Sep-2021 957437+520
Jun-2021 508243+265
Mar-2021 428274+154
Dec-2020 352169+183
Sep-2020 550273+277
Jun-2020 306182+124
Mar-2020 386249+137
Dec-2019 380274+106
Sep-2019 582341+241
Jun-2019 374243+131
Mar-2019 372241+131
Dec-2018 380234+146
Sep-2018 611349+262
Jun-2018 410350+60
Mar-2018 440186+254
Dec-2017 364335+29
Sep-2017 677484+193
Jun-2017 421398+23
Mar-2017 457175+282
Dec-2016 322257+65
Sep-2016 602531+71
Jun-2016 405350+55
Mar-2016 369209+160
Dec-2015 300331-31
Sep-2015 506490+16
Jun-2015 320394-74
Mar-2015 305320-15

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

Please refer to specific data notes for more information

City of Knox

economic profile