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| - | The Tax Office has moved to encourage more big business to adopt a government-devised scheme to automate lodgement of financial reports, by replacing a proprietary interface with its systems with open-source software.<br />
| + | [..] The so-called Standard Business Reporting regime has long been touted by the Australian Federal Government as a means to reduce the reporting burden on business by allowing company financial reports and tax returns to be machine-readable, removing manual processes and reducing errors by companies and government agencies [..] The use of SBR is also now compulsory for transferring member data between superannuation funds under the Superstream reforms [..]<br />
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| - | The so-called Standard Business Reporting regime has long been touted by the Federal Government as a means to reduce the reporting burden on business by allowing company financial reports and tax returns to be machine-readable, removing manual processes and reducing errors by companies and government agencies.<br />
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| + | The ATO, which now has responsibility for SBR, said on Tuesday it had decided to replace its proprietary interface with open-source software ebMS 3.0/AS4, which is being widely adopted in Europe, where several countries are mandating schemes similar to SBR [..]
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| - | The use of SBR is also now compulsory for transferring member data between superannuation funds under the Superstream reforms.<br />
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| - | But while many small businesses have adopted SBR for filing tax statements since it became available in 2010, there has been little use of it for financial statements and big-business adoption has been almost non-existent, with many viewing it as an additional cost.<br />
| + | “In talking to the developer community, the very clear message has been that they want to see the same standards used in both the business-to-government and business-to-business spaces”, said Australian Business Register deputy registrar Mark Jackson, who has responsibility for the SBR program.
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| - | In addition, large businesses say they will adopt it only when they upgrade their IT systems, but many software providers have not seen any major incentives to incorporate SBR into their software.<br />
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| - | The ATO, which now has responsibility for SBR, said on Tuesday it had decided to replace its proprietary interface with open-source software ebMS 3.0/AS4, which is being widely adopted in Europe, where several countries are mandating schemes similar to SBR.
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