Australian Government look to digital identification for SMEs
Australia is looking into giving small and medium enterprises (SMEs) their own digital identification.
- Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
- AI can change your entire social media game today. Learn how you can save time writing engaging content faster. [sponsored]
- How to lower your taxable income and pay less in taxes. [sponsored]
- ‘My Community Made’ is a new marketplace to compete with Etsy and Amazon Handmade.
- EXCLUSIVE: Interview with Chris Prill, VP eBay Motors, discussing the new Guaranteed Fit program.
The purpose of having SMEs have their own digital identifiers is to streamline SME transactions with the government.
Currently individuals in Australia have digital identifiers, and the Australian government would like to replicate this for SMEs too.
Digital Identification for businesses
With a digital identifier in place, SMEs can work with the government more efficiently online.
Craig Laundry, Australia’s Assistant Minister for Industry, Innovation and Science has noted that what’s missing is that the government is not seen as a business partner.
By allocating businesses a digital identifier, he believes that this would change as SMEs can then talk more directly with government on a one-on-one basis online.
“What we are working hard on delivering is if you are a business, you have a business identifier, and when you come on to business.gov.au you are uniquely identified… it allows us to have a two-way conversation with you, whereas business.gov.au is currently a generic website … the minute we solve the identification piece, we can have a chat with you one-on-one.”
Craig Laundry, Assistant Minister for Industry, Innovation and Science
Individuals in Australia can interact with up to 10 government agencies through the myGov.au online portal.
They do this with a digital identification code, which is unique to each individual. Using this same system for SMEs will give businesses the ability to interact the same way that individuals do.
Are Digital Identifications for businesses a good thing?
A unique digital identification code for SMEs will help businesses with government transactions more directly in Australia, especially online.
This will greatly streamline business as well as make communication more efficient for all parties involved.
For eCommerce this would be a big help, as it would mean lesser time going through different portals in order to interact with the government on necessary matters.
Overall we think that this is a positive step forward for Australian businesses, as streamlining governmental communications can only be a good thing.
There are a few questions around the security aspect of such a system.
If it is already used for individuals you would have to assume all of the right measures already exist.
What do you think? Is this something that you would agree with for your business? Let us know down below.
Connect with us: Head over to our Facebook Group for Small Business Sellers and interact with other small business owners.
Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Subscribe to Our Newsletter
Business Insights for Your Online Business Presented with a Dash of Humor
We do not share your information and you can unsubscribe anytime.
Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.