Australia overview
This article provides information about functionality that supports Australian regulations.
Bank file formats for Australian banks
The names of the Australian banks and the file formats that they accept for electronic payments are listed in the following table.
| Bank name | Bank interface | File format |
|---|---|---|
| Australia and New Zealand Bank | ANZ TransActiveBanking for Business | ANZ Direct Credit Service (AU) |
| Commonwealth Bank of Australia | CommBiz | CBA Direct Credit Service (AU) |
| Westpac Banking Corporation | Corporate OnlineBusiness Online | WBC Direct Entry System (AU) |
| St. George Bank | Business Banking Online | STG Direct Credit Service (AU) |
| National Australia Bank | Internet BankingNAB ConnectNAB Online | NAB Direct Credit Service (AU) |
Business activity statement (BAS)
Australian businesses report taxation obligations to the Australian Tax Office using the Business activity statement (BAS). For more information about the business activity statement feature, see Business activity statement.
Low-value pool depreciation
Australia uses a low-value pool depreciation method. This method allows the allocation of low-cost and low-value assets to a low-value pool if the cost or opening adjustable value is less than a specified amount. For more information, see Low-value pool depreciation.