ATO public excise and EEG warehouse licence register: A valuable resource for businesses
ATO public excise and EEG warehouse licence register: A valuable resource for businesses
The Australian Taxation Office (ATO) has taken a significant step to enhance transparency and facilitate business operations by publishing the excise and Excise-Equivalent Goods (EEG) warehouse licences register. This register provides essential information about entities holding excise licences and customs excise-equivalent goods warehouse licences. Use this article to understand the significance of this register, its benefits, and how your business can leverage it.
What is the excise and excise-equivalent goods warehouse licences register?
The register serves as a comprehensive directory, allowing businesses to verify whether a supplier or customer holds a valid excise or EEG licence. By accessing this publicly available resource, companies can confirm the licensing status of their counterparts, assisting with excise compliance.
Key features of the register
- Licence holder information: The register includes details such as the licence holder’s name and Australian Business Number (ABN). It specifies whether the licence was issued under the Excise Act 1901 or the Customs Act 1901.
- Currency and permitted activities: While the register provides valuable information, businesses dealing with “under bond” goods should still verify the currency and permitted activities associated with the licence. Requesting a copy of the licence remains a prudent practice.
- Continuing movement permissions: Importantly, the register does not list continuing movement permissions held by licence holders. Businesses should also request and retain copies of relevant movement permissions when transferring “bonded goods” between establishments.
Benefits for businesses
- Efficiency: Easily verify the licensing status of suppliers and customers, streamlining due diligence processes.
- Risk mitigation: By confirming licence validity, businesses reduce the risk of non-compliance and potential penalties.
- Strategic decision-making: Use the register to assess potential partners or explore diversification opportunities.
Limitations
- The register is not “live” like the Australian Business Number (ABN) register. It is periodically updated by the ATO.
- Licences issued by the Australian Border Force are not included in this register.
- Particulars of each licence are not provided (eg location of licensed premises, licence special conditions).
Remember, excise equivalent goods, imported items that would be subject to excise if manufactured in Australia, fall under the ATO’s administration. Stay informed and use this excise compliance tool to reduce risk in your business.
How BDO can help
If you seek a deeper understanding of the excise regime or need guidance on your obligations related to excise, our experienced team at BDO is here to support you. Contact us to discuss how we can help you navigate the complexities of excise compliance.