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Sole trader ABN is attached to the person who owns that business. As such it is not transferable.

A company is a separate entity and it gets its own ABN.

A company is not restricted to a state. But, you would have a registered office in one place.

A company needs to have an annual review every year (as name suggests) and also need to file a statement with asic. Find more information at this link – http://asic.gov.au/for-business/running-a-company/annual-statements/annual-statements-and-late-fees/

Sole trader doesn’t have this requirement however need to maintain its business name registration by renewing it once in a year or in 3 years. It’s much cheaper than company annual review fees.