Standard Business Reporting or SBR is a standard approach to online or digital record-keeping that was introduced by government in 2010 to simplify business reporting obligations.
Software Developers (SWDs) build SBR rules into their business/accounting software to make it ‘SBR-enabled’. Businesses that use SBR-enabled software can then report using information already recorded as part of running their business.
When a report is required, SBR-enabled software knows what information is needed for that report and fills it out. The result for businesses is less time spent collating information, filling in forms and submitting reports to participating government agencies. The only cost is the investment in SBR-enabled software.
SBR is the primary channel for ATO and SuperStream superannuation industry transactions. It works by using a dictionary of standard terms (Taxonomy) needed for each report. These terms are used by government agencies for reporting, and by SWDs for software development.
The Australian Business Register (ABR) program is responsible for SBR.