T: +61-7-3221 5677 - Enquiries: enquiries@walshs.com.au - Mortgage Broking: lending@walshs.com.au

Walshs

Why your business needs to change to myGovID access before the end of March

One of Queensland’s leading financial planning, accounting and lending firms for medical and private clients. Providing accounting, mortgage broking and strategic financial planning advice.

T: 61-7-3221 5677
Email: enquiries@walshs.com.au

Walshs
Level 24/10 Eagle Street, Brisbane QLD 4000

Open in Google Maps
  • Medical Clients
  • Private Clients
BOOK A MEETING

Walshs Insights

Why your business needs to change to myGovID access before the end of March
Sunday, 08 March 2020 / Published in Articles, Business, Walshs Blog

Why your business needs to change to myGovID access before the end of March

By Hugh Walsh, Partner of Walshs

Access to the Australian Taxation Office’s (ATO) online portal using AUSkey will no longer be offered from 1st April, meaning any business which uses this system needs to implement some simple changes before this date to reduce disruption to the business.

Future access to the online portal will only be available using an individual myGovID and Relationship Authorisation Manager (RAM) which must be established before 31 March 2020.

AUSkey has been the system used for businesses to “access and send business information to government online”, the Australian Business Registrar (ABR) explained.

“For example, changing your Australian business number (ABN) details to lodging your business activity statement (BAS),” the ABR continued.

The myGovID system provides an easy way to prove who you are online, allowing business information to be securely submitted to the government. It is important to note the myGovID is not the same as a myGov account which is available to individuals submitting information to government.

What you need to know about the myGovID system:

  • It replaces the AUSkey system from 1 April 2020
  • It is available now and should be accessed before the 31 March deadline to ensure no disruption to the business
  • It cannot be accessed by a desktop computer and is only available via smart devices such as phones, tablets and laptops
  • Each individual user for a business must have their own unique myGovID with no communal IDs available
  • You must provide 100 points of identification to register for a myGovID
  • Individuals are able to access the ATO portal for a business using their myGovID and the business’s RAM system
  • Importing existing AUSkey users to the new RAM system can be done until 31 March 2020

The onus for ensuring the new myGovID and RAM systems are in place, falls to the “principal authority” of a business, that is an owner or associate listed on the ABR. They are required to establish a myGovID and then a RAM to link this to the business’s ABN.

Once this is done, the principal authority is able to nominate who will be authorised in RAM to have access to the system to lodge information on behalf of the business.

It must also be noted that any practice which operates under a trust structure must wait until mid-March to be able to link their myGovID to their ABN in the RAM system. However, there are provisions in place to allow this to happen earlier through direct contact with the ATO.

While it may seem a complicated and time-consuming exercise, it is essential businesses address this change before 31 March 2020. If you need help or guidance through this process, contact us.

Feel free to contact me if you would like us to assist or if you have further questions on 07 32215677 or email  hugh@walshs.com.au.

  • Tweet
Tagged under: ATO, AUSkey, myGovID, Tax, Taxation, Walsh

What you can read next

Why your business needs to change to myGovID access before the end of March
Locum’s work-related expenses disallowed
Why your business needs to change to myGovID access before the end of March
Rental property tax under the microscope – Don’t get caught out!
Why your business needs to change to myGovID access before the end of March
Further extensions for Instant Asset Write-Off

Recent Posts

  • Winners of Walshs Medical Bursary, Hannah Rienks and Fiona Edwards and their prize amounts

    Meet our 2025 Walshs Medical Bursary winners – changing lives near and far!

    We’re absolutely thrilled to announce the winne...
  • AOA and Bongiorno National Network partnership

    Empowering orthopaedic surgeons nationwide: The BNN becomes an official national alliance partner of AOA

    Walshs is delighted to announce that the Bongio...
  • Why your business needs to change to myGovID access before the end of March

    Beyond Tax Time: What Year-Round Support Looks Like with Medical Accounting Services

    Medical accounting services shouldn’t just come...
  • student at desk working out loan debt with a clock and graduation cap on the desk

    What’s Happening with the Government’s Promised 20% HECS-HELP Reduction?

    You may have seen headlines about the Albanese ...
  • Busy Medical Centre reception area with a visiting family and two staff in scrubs

    Starting a Medical Practice in Queensland: How to set up for financial success

    Establishing your own medical practice is one o...

Contact

  • PHONE: 61-7-3221 5677
  • FACSIMILE: 61-7-3221 5744
  • EMAIL: enquiries@walshs.com.au
  • MORTGAGE BROKING: lending@walshs.com.au

Location

  • OFFICE: Level 24/10 Eagle Street, Brisbane City, QLD 4000
  • POSTAL ADDRESS: GPO Box 12, Brisbane QLD 4001
Why your business needs to change to myGovID access before the end of March

Connect with us

MAKE AN ENQUIRY OR BOOK A MEETING HERE
Why your business needs to change to myGovID access before the end of March
Why your business needs to change to myGovID access before the end of March
Why your business needs to change to myGovID access before the end of March
Why your business needs to change to myGovID access before the end of March
Why your business needs to change to myGovID access before the end of March
Why your business needs to change to myGovID access before the end of March
Why your business needs to change to myGovID access before the end of March
All advice on this site is general in nature and does not take into account your personal circumstances. Please do not hesitate to contact one of our adviser accountants or financial planning advisers if you have a query that is specific to your circumstances.
ABN 11 248 978 295 Walshs Financial Planning Pty Ltd AFSL 432636 ABN 82 122 293 912 Corporate Authorised Representative No. 463774 of Walshs Finance Australian Credit Licence 459119

Liability limited by a scheme approved under Professional Standards Legislation.
  • Privacy Policy
  • Financial Services Guide
  • Credit Guide
  • Complaints Policy
TOP
lending-15-min-ph

If the time you would like is not available, please contact our office on 07 3221 5677.

Make a booking with Darole Evans

If the time you would like is not available, please contact our office on 07 3221 5677.

GET IN TOUCH

If you would like a Walshs adviser to contact you or to receive marketing material from Walshs and/or be advised of upcoming seminars and events please provide your contact details.
[contact-form-7 id=”18018″ title=”Contact form 1″]

Book 15 minute lending call

If the time you would like is not available, please contact our office on<br>07 3221 5677.