The Australian banking system is highly developed, well-capitalised and amongst the most highly rated in the world. There are four dominant national banking groups in Australia.  These are the Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac Banking Corporation (Westpac).  

Trading businesses must have a local bank account for ATO tax purposes (for both payment and/or receipt of quarterly BAS payments/refunds and annual tax accounts). 

Beachhead assists our clients with opening a bank account. This includes coordinating the KYC (Know Your Customer) identification requirements which we can expedite as required.  Specialist foreign exchange, fintech and other financial institutions can be engaged as required.   

We source and establish appropriate mandatory and recommended insurances for your business.  Insurance requirements for businesses in Australia will vary depending on the type of business and its local operations.  The following insurances are mandatory or strongly advised, for most Australian businesses: 

• Workers Compensation Insurance – when employing staff. 
• Compulsory Third-Party personal injury insurance – for any vehicles owned or used in the business. 
• Public liability insurance - for certain types of companies. 
• Professional Indemnity Insurance – may be required for claims relating to the provision of professional services or advice. 
• Other mandatory insurances may apply for specific business types and operations. 

There are a wide range of freight and logistics services available to manufacturers, retailers and wholesalers in Australia.  Warehousing and service options including general warehousing, cold storage, bonded warehousing and self-storage facilities.  Operators range from small warehouses to multi-point full distribution centres with automation, technology and information to support vertically integrated supply chains and online retailing. 

Beachhead can source the best freight and logistics services for your business.  We can also provide Australian-resident importer of record support.  

Office and other commercial rents vary considerably across states and within capital cities, their metropolitan and regional areas.  Businesses need to consider a range of factors including cost, proximity to customers, facilities, transport & logistics and public transport.  

Co-working, shared and serviced offices are also available in Australian city and Central Business Districts (CBDs), metropolitan areas and major regional centres.  These are an alternative to entering into long-term office lease arrangements to minimise the associated start-up costs for new entrants.  

Beachhead can support every stage of site selection and securing premises for your business this includes finding sites and agents, contracts, advising on legal and tax implications, fit outs, suppliers and service providers.  

The Australian internet service provider market is complicated.  There are a wide range of providers available however it is dominated by three major providers – Telstra, Optus and Vodafone who operate Australia’s only three mobile networks on which many of the other operator and carry their services.  

The National Broadband Network (NBN) is an Australian government owned and operated fixed-line broadband network (covering most of Australia), which sells network access and bandwidth to a wide range of internet providers which then sell plans to businesses and the public. 

Beachhead can enable your technology needs by sourcing the technology required across your business in Australia encompassing ISPs, hosting, mobile telecommunications and hardware.