City of Monash

Business trends

The number of GST registered businesses in the the City of Monash increased by 319 in the Jun-24 Quarter. There were 853 new GST registrations and 534 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 Monash - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 853534+319
Mar-2024 815452+363
Dec-2023 781503+278
Sep-2023 1,148808+340
Jun-2023 915450+465
Mar-2023 893450+443
Dec-2022 767577+190
Sep-2022 1,118916+202
Jun-2022 764518+246
Mar-2022 859442+417
Dec-2021 814413+401
Sep-2021 1,739693+1,046
Jun-2021 928394+534
Mar-2021 813408+405
Dec-2020 641309+332
Sep-2020 988519+469
Jun-2020 612295+317
Mar-2020 720369+351
Dec-2019 733377+356
Sep-2019 1,076543+533
Jun-2019 683416+267
Mar-2019 718330+388
Dec-2018 629365+264
Sep-2018 1,047518+529
Jun-2018 734564+170
Mar-2018 731268+463
Dec-2017 694408+286
Sep-2017 1,134686+448
Jun-2017 792568+224
Mar-2017 714258+456
Dec-2016 662353+309
Sep-2016 954783+171
Jun-2016 631514+117
Mar-2016 622279+343
Dec-2015 541442+99
Sep-2015 849682+167
Jun-2015 534569-35
Mar-2015 500437+63

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 Monash

economic profile