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StellarScott
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My bank offers a debit card as part of its business banking facility which I think is a great way for separating business and personal expenditure.

BPAY would be required if you have lots of retail customers. For businesses it is much easier to arrange direct deposits.

You dont actually need a GST account but as David recommends to hive away GST PAYG and income tax instalments (which you will have to estimate ) can be good way to manage your cash flow. The ATO doesnt like credit cards and their penalties are almost worse!