Standard Business Reporting (SBR) provides software developers with a significant opportunity to increase the functionality of their products and simplify the way their clients interact with government services electronically.
SBR is an Australian Government initiative to reduce the reporting burden of business to government. SBR enables business and tax professionals to report to government directly from their financial, accounting or payroll software.
Providing a simple and secure alternative (using AUSkey, the national authentication solution) to the millions of paper forms business lodge each year, SBR is becoming the primary reporting mechanism for Australian, State and Territory Government agencies.
SBR is a major part of new Government initiatives. For example, SBR is the standard platform for superannuation industry transactions, as part of the SuperStream initiative. These standards will be mandated across contributions from employers to funds; roll-over transactions between funds, and relevant reporting to the Australian Taxation Office (ATO). Further, the ATO is moving towards SBR as its primary transaction channel.
Benefits of SBR for software developers:
- Once registered to use SBR you will receive a Software Developer’s Kit that provides information for you to ensure your products are compliant with government standards.
- SBR provides access to AUSkey, as well as the executable code for software to use it.
- You won’t have to spend time interpreting government legislation to incorporate into software. The SBR Taxonomy contains a harmonised set of definitions of all items to be reported to SBR-participating agencies.
We also offer a range of support to software developers looking to SBR-enable their products, including:
- a specialist team that works closely with you to adopt SBR,
- information, tools and a software developer kit that can assist you to easily adopt SBR technology, and
- an external vendor test environment that allows you to conduct necessary testing of your product.
View the latest software developer news and updates here.
Last updated: 01 Sep 2014
Page ID: 9027