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How to start your small business in Australia

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This week's Australia Explained focuses on how to start your own small business in Australia. Credit: MoMo Productions/Getty Images

Starting a business in Australia has several advantages. These include support for innovation, entrepreneurship, and small business growth through infrastructure, a skilled workforce, government initiatives, grants, funding, and tax incentives.


Published

Updated

By Maram Ismail

Presented by Ninos Emmanuel

Source: SBS


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Starting a business in Australia has several advantages. These include support for innovation, entrepreneurship, and small business growth through infrastructure, a skilled workforce, government initiatives, grants, funding, and tax incentives.


Key Points

  • A business can be operated as a sole trader, company, or partnership.
  • You won't need to register for GST until you hit $70,000 in revenue.
  • Australia provides various financing options to aspiring entrepreneurs, which include grants, loans, and private investors.

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