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Thank-you all so much for your help, it has helped my understanding of my ABN. I am currently reading through the business Victoria website ( http://www.business.vic.gov.au ) and learning lots.

One other thing I was thinking about is the bass statements or something similar that I would have to do once up and running and earning money. With my limited knowledge I am guessing my best bet would be to go and see an accountant and pay to have these done? Not to sure what tax forms and such I must fill out but I am sure I will learn, is hiring an accountant my smartest move here?

Again thanks.

– Ash Tewierik