Starting a new business is being made easier in Australia with a faster registration system being rolled out across the nation and more support announced by the Government.

The registration system has been going through testing with people starting a café, bar or restaurant business in New South Wales and has been hailed a success


Initially it will reduce the registration process from over an hour to just 15 minutes and overall reduce the time it takes to start a small business from around 18 months to three months.

'We are taking a phased approach to implementing a new business registration service. We want businesses to apply for their registrations and provide feedback on their experience so that we can make the service even better,' said Kelly O'Dwyer, the Minister for Revenue and Financial Services.

It allows businesses to apply for multiple business and tax registrations at the same time online at The service also supports businesses to meet their obligations and avoid applying for registrations that they don't need.

'By providing a simpler, clearer way to register a business, we hope to save people starting a business an estimated $40 million each year,' O'Dwyer added.

The Assistant Minister for Industry, Innovation and Science, Craig Laundy, said the Government was working with the states to join up registration and licensing services across jurisdictions to save business even more time and money.

The aim is to link the new business registration service with state systems to help make it faster and easier and some $9 million has been allocated to bring the new system to other business sectors and across Australia.

The Government is also making the code for the service publically available so the private sector can seamlessly connect their customers to business registration services and find innovative ways to meet their customers' specific needs.

New South Wales deputy premier and Minister for Small Business John Barilaro said the state Government is dedicated to reducing red tape and making it the easiest state to do business.

'Small businesses are the backbone of the state economy with 710,000 businesses employing almost half of the workforce. We are dedicated to ensuring small businesses can start up easily, be successful and continue to create jobs,' he added.

The state's Minister for Finance, Services and Property, Victor Dominello, said the partnership provides small businesses with a 21st century one stop shop service, dramatically reducing the piles of duplicative paperwork.