4 Jun 2010

First SBR transactions have happened

Posted by paulmadden

SBR is now in use by businesses and intermediaries involved in a pre-release pilot of SBR involving three agencies and three forms:
- ASIC 388 coversheet – Financial statements and report (now);
- Queensland payroll tax periodic return (now); and
- Tax file number declaration (mid June).

Those involved in the pilot are encouraged to share their SBR experiences with other readers of this blog.

SBR will be available for use by all businesses and their intermediaries from 1 July 2010.

Paul Madden
SBR Program Director

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2 Responses to “First SBR transactions have happened”

  1. A successful submission to the QLD Office of State Revenue was made today using the SBR channel where a QLD based company, Managed Tax and Accounting Pty Ltd, used Business Driven Systems GovDirect software to submit a periodical payroll obligation for the month of May.

    This important milestone follows on from the very first submission in Australia of an outstanding reporting obligation via SBR performed earlier this week using the GovDirect software to the Australian Securities and Investments Commission for a f388 lodgement.

    This is the culmination of a number of years’ work at Business Driven Systems and is important verification for everyone involved that not only can the SBR system work for Australian Businesses, it is working and is on track for the upcoming launch on July 1st.

    Business Driven Systems would like to thank Managed Tax and Accounting P/L, the Australian Securities and Investments Commission, the QLD Office of State Revenue, our valued partners at Deloitte and of course everyone in the Standard Business Reporting program for working together and making the SBR dream a reality

    SBR has come to life!

     

    Duane Davison

    June 4th, 2010 at 3:57 pmpermalink

  2. Business Driven are proud to announce that further to my first comment on Paul’s post, we have now successfully submitted a number Tax File Number Declarations this morning using our software, GovDirect.

    We now have a total of seven successful lodgements to the production environments of three seperate government agencies participating in the SBR program. The team here at Business Driven is very excited by this latest success and we are now gearing up for the official launch of our SBR product in July!

    In addition to the thanks previously posted, we would also like to thank the team at ATO.

     

    Duane Davison

    June 15th, 2010 at 11:30 ampermalink

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