An Australian Government Initiative - Standard Business Reporting
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SBR Program

Current reporting requirements impose a significant burden on business - a burden that the Australian Government is committed to reducing.

SBR is a multi-agency initiative that will simplify business-to-government reporting by:

  • making forms easier to understand
  • using accounting/record keeping software to automatically pre-fill government forms and
  • introducing a single secure way to interact on-line with participating agencies.

Government agencies participating in the SBR program include the Australian Treasury, Australian Bureau of Statistics (ABS), Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC), Australian Taxation Office (ATO) and all state and territory government revenue offices.

SBR is focussing on financial reporting first, since this set of forms affects most businesses. Some examples of forms include the Business Activity Statement (Australian Taxation Office) and the Quarterly Business Indicators Survey (Australian Bureau of Statistics).

Major work being undertaking in the lead up to the 2010 SBR implementation include:

  • the standardisation of reporting terms
  • development of a reporting taxonomy using XBRL
  • the standardisation of relationships between accounting terms and information reportable information to Government
  • the mapping of reporting rules and relationships to a business' accounts within their accounting/record-keeping system
  • the development of SBR core services
  • connecting government agency systems to the core services and
  • education and two-way communication with business, software developers and business intermediaries.