Welcome

Current reporting requirements impose a significant burden on business - a burden that the Australian Government is committed to reducing.
The Standard Business Reporting (SBR) Program has resulted from one of the recommendations of the Banks taskforce, which examined the regulatory burden on Australian businesses. The reduction of regulatory burden is the driving principle for SBR.

There are 13 Australian, state and territory government agencies - as well as software developers, accountants, bookkeepers and other business intermediaries around the country - collaborating in the design and delivery of SBR.
Last year, the Council of Australian Governments (COAG) released a communiqué supporting SBR, and ongoing progress reports are provided to COAG's Business Regulation and Competition Working Group. SBR won't just make business-to-government reporting easier, it will also enable the streamlining of financial information along the reporting chain - from business and intermediaries through to analysts, investors and regulators.

As well as improving the reporting processes, SBR is developing a new e-channel for business and accountants, and will also provide a single secure sign-on to on-line services across the agencies in scope.

Once fully operational, SBR will save Australian business $800 million a year.

With a little over 12 months before the full implementation of SBR, I commend the SBR Conference 2009 | Revolutionising business reporting to you and encourage you to explore how you and your business can become SBR ready by July 2010.