Starting a business

There are a number of legal and compliance issues that you need to be aware of when starting up your own small business. The links below to the SmallBiz website will provide you with a general overview of these issues.

Risk management
Risk is a part of everyday life. In business, risk can be defined as the chance of something happening that will impact upon your objectives.

Legal considerations
There are numerous legal implications to consider before starting a business.

ATO compliance
All businesses in Australia must comply with specific Australian Taxation Office (ATO) requirements.

ACCC compliance
The Australian Competition and Consumer Commission (ACCC) promotes competition and fair trade for consumers, businesses and the community.

ASIC compliance
The Australian Securities and Investments Commission (ASIC) is Australia's corporate, markets and financial services regulator.

Insurance
  Investing in appropriate insurances is a smart move and is designed to protect the business in the event of an accident or disaster.

The Small Business Tool Kit provides further detailed information about the legal issues you need to consider when starting a business. You can also visit the Tool Kit to find information about other important legal and compliance issues.

More information

• SmallBiz website
• Small Business Tool Kit