Tweed Shire

Business trends

The number of GST registered businesses in the Tweed Shire increased by 23 in the Jun-24 Quarter. There were 254 new GST registrations and 231 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
Tweed Shire - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 254231+23
Mar-2024 261174+87
Dec-2023 243205+38
Sep-2023 410320+90
Jun-2023 232171+61
Mar-2023 314180+134
Dec-2022 239209+30
Sep-2022 419354+65
Jun-2022 251154+97
Mar-2022 251195+56
Dec-2021 276202+74
Sep-2021 416319+97
Jun-2021 253143+110
Mar-2021 300157+143
Dec-2020 242119+123
Sep-2020 386181+205
Jun-2020 18697+89
Mar-2020 243131+112
Dec-2019 207151+56
Sep-2019 312253+59
Jun-2019 208149+59
Mar-2019 244100+144
Dec-2018 20999+110
Sep-2018 364199+165
Jun-2018 217221-4
Mar-2018 225129+96
Dec-2017 177157+20
Sep-2017 346271+75
Jun-2017 227213+14
Mar-2017 224100+124
Dec-2016 170173-3
Sep-2016 308262+46
Jun-2016 209224-15
Mar-2016 199121+78
Dec-2015 170187-17
Sep-2015 307279+28
Jun-2015 169257-88
Mar-2015 158188-30

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

Please refer to specific data notes for more information

Tweed Shire Council

economic profile