Richmond Valley Council

Business trends

The number of GST registered businesses in the Richmond Valley Council increased by 8 in the Jun-24 Quarter. There were 51 new GST registrations and 43 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
Richmond Valley Council - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 5143+8
Mar-2024 5133+18
Dec-2023 4440+4
Sep-2023 7447+27
Jun-2023 31310
Mar-2023 4441+3
Dec-2022 5146+5
Sep-2022 7160+11
Jun-2022 4515+30
Mar-2022 6720+47
Dec-2021 4731+16
Sep-2021 9444+50
Jun-2021 4028+12
Mar-2021 5521+34
Dec-2020 3825+13
Sep-2020 7026+44
Jun-2020 4011+29
Mar-2020 3516+19
Dec-2019 2221+1
Sep-2019 4841+7
Jun-2019 2721+6
Mar-2019 3213+19
Dec-2018 2322+1
Sep-2018 7433+41
Jun-2018 2831-3
Mar-2018 3118+13
Dec-2017 2617+9
Sep-2017 5632+24
Jun-2017 4437+7
Mar-2017 3921+18
Dec-2016 2723+4
Sep-2016 5549+6
Jun-2016 3626+10
Mar-2016 1817+1
Dec-2015 3531+4
Sep-2015 4342+1
Jun-2015 2149-28
Mar-2015 2636-10

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

Please refer to specific data notes for more information

Richmond Valley Council

economic profile