Townsville City Council

Business trends

The number of GST registered businesses in the the Townsville City Council increased by 82 in the Jun-24 Quarter. There were 394 new GST registrations and 312 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
Townsville City Council - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 394312+82
Mar-2024 439284+155
Dec-2023 375317+58
Sep-2023 574483+91
Jun-2023 435250+185
Mar-2023 465264+201
Dec-2022 382308+74
Sep-2022 550468+82
Jun-2022 397250+147
Mar-2022 470229+241
Dec-2021 345263+82
Sep-2021 556415+141
Jun-2021 373200+173
Mar-2021 366230+136
Dec-2020 317219+98
Sep-2020 472267+205
Jun-2020 281163+118
Mar-2020 349181+168
Dec-2019 328225+103
Sep-2019 422318+104
Jun-2019 300194+106
Mar-2019 322141+181
Dec-2018 246189+57
Sep-2018 431305+126
Jun-2018 295321-26
Mar-2018 328171+157
Dec-2017 273280-7
Sep-2017 422376+46
Jun-2017 314336-22
Mar-2017 315167+148
Dec-2016 258287-29
Sep-2016 395513-118
Jun-2016 273412-139
Mar-2016 252241+11
Dec-2015 264360-96
Sep-2015 368490-122
Jun-2015 291369-78
Mar-2015 277360-83

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 Townsville

economic profile