Richmond Valley Council

Business trends

The number of GST registered businesses in the Richmond Valley Council increased by 18 in the Mar-25 Quarter. There were 36 new GST registrations and 18 GST cancellations.

The Australian Government recently updated ABR data coding to align with the new Australian Statistical Geography. These changes were not communicated to ABR data users and caused anomalies in our published trend data due to previous processing methods. As a result, data for the last two quarters (Dec-23 and Mar-24) has been revised. More details are available here.

The Australian Business Register (ABR) is a register of all business entities and sole traders in Australia, based on Australian Business Numbers (ABNs), maintained by the Australian Taxation Office.

While ABR business data does not pick up all operations in a region (some companies are not registered at the location where they undertake commercial operations), the time-series data can be quite insightful. It can give you an indication of the short-term impacts of macro-events, and can also offer a sign as to how favourable local conditions are to establishing new businesses during normal times.

Changes in business counts by industry can show structural shifts within the economy and identify growth and declining industries. For example, growth industries will have high entry and exit rates due to the high failure rates of first movers and smaller high growth enterprises. Declining sectors will have low entry and high exit rates.

The raw business register dataset contains large numbers of ABNs which are not relevant to local government planning, including trusts, superannuation funds, non-active businesses and micro businesses not registered for GST. These have been filtered out of the data presented here, to provide a more meaningful dataset for Local Government Decision making.

Data are presented as aggregates of ABNs at the Local Government level for each of the time period. The graph of the number of GST registered businesses, the number of new GST registered businesses, and the number of cancelled GST registerations can be selected at the 1-digit ANZSIC classification level. For more information, including actual business locations and name and address details, LGAs are entitled to access the raw ABR unit record dataset directly from the ATO.

Data source

Australian Business Register - filtered counts - Current at April 2025

Select Industry

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Business trends by industry sector
Richmond Valley Council - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Mar-2025 3618+18
Dec-2024 3739-2
Sep-2024 6454+10
Jun-2024 5245+7
Mar-2024 5132+19
Dec-2023 4338+5
Sep-2023 7352+21
Jun-2023 3132-1
Mar-2023 4340+3
Dec-2022 4843+5
Sep-2022 7460+14
Jun-2022 4416+28
Mar-2022 6419+45
Dec-2021 4829+19
Sep-2021 9244+48
Jun-2021 4029+11
Mar-2021 5621+35
Dec-2020 3525+10
Sep-2020 7127+44
Jun-2020 4111+30
Mar-2020 3515+20
Dec-2019 21210
Sep-2019 4941+8
Jun-2019 2719+8
Mar-2019 3213+19
Dec-2018 2322+1
Sep-2018 7233+39
Jun-2018 2931-2
Mar-2018 3118+13
Dec-2017 2517+8
Sep-2017 5632+24
Jun-2017 4336+7
Mar-2017 3821+17
Dec-2016 2723+4
Sep-2016 5449+5
Jun-2016 3724+13
Mar-2016 1817+1
Dec-2015 3431+3
Sep-2015 4341+2
Jun-2015 2049-29
Mar-2015 2435-11

Source: Australian Business Register. ©2024 Compiled and presented in economy.id by .id (informed decisions).

Please refer to specific data notes for more information

Richmond Valley Council

economic profile