SBR provides software developers with a significant opportunity to increase the functionality of their products.
By providing a simple and secure alternative to the millions of paper forms businesses lodge each year, SBR is set to become the primary reporting mechanism for Australian, State and Territory Government agencies. SBR is already becoming a major part of new Government initiatives, for example:
- the Australian Taxation Office is adopting the SBR technology to rationalise its online reporting channels by 2015-16, and
- ASIC will be adopting the SBR technology in designing new services for both of the current 'business names' initiatives
SBR has been announced as the standard platform for the superannuation industry transactions as part of the SuperStream initiative within the Stronger Super Reforms from July 2013. These standards will be mandated across contributions from employers to founds; roll-over transactions between funds, and relevant reporting to the ATO.
SBR provides support to software providers looking to SBR-enable products, including:
- receiving support to assist in learning and adopting the new technology.
- using the various components of the Software Developer’s Kit provided by SBR, developers will save time in making their products compliant with government regulation.
- SBR provides access to a single sign-on credential (AUSkey), as well as the executable code for software to use it.
- SBR will assist in SBR-related marketing efforts, helping to reach the end users of software products by leveraging a range of channels and media.
- The SBR Taxonomy allows developers to spend less time interpreting Government legislation for incorporation in software development, as it contains a harmonised set of definitions of all items to be reported to SBR-participating agencies.
Last updated: 19 Sep 2012
Page ID: 9027