Practice, agents and regulation

Standard Business Reporting (SBR)

Standard Business Reporting, or SBR, is an Australian Government approach that lets business software send reports to government agencies in a common digital format, straight from the records the business already keeps. Instead of re-keying figures into each agency's form, the software prepares and sends the report, which cuts re-entry and the errors that come with it. Many ATO lodgments from accounting and payroll software use SBR-enabled channels, and software developers build to the published specifications. A practice does not usually need to deal with SBR directly; it matters because it determines what the practice's software can send to government and in what form.

General information, not tax advice. The rules change, so check the source page above for the current position. Fedix is developed by Tax7 R&D Pty Ltd.