Update your annual earnings
You must notify us when your declared earnings change from the previous year. This is to make sure you’re charged the correct amount for your industry contribution levy. You must do this within 14 days of finalising your annual financial reports or statements.
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Calculating your earnings
If you're an authorised deposit-taking institution (ADI), or related to an ADI, your earnings comprise profit before tax, depreciation and amortisation (PBTDA). If you're not an ADI, your earnings comprise earnings before interest, tax, depreciation and amortisation (EBITDA). Note that in both cases, earnings isn't gross revenue.
The calculating earnings fact sheet, available in Word (933KB) or PDF (418KB) has detailed information on what earnings you need to report and how to calculate them.
How to update your business earnings
Update your business details through your AUSTRAC Online account.
- Log in to AUSTRAC Online.
- Select Business, then Business profile.
- Select Update business profile to edit your details. Some of your details will be auto filled.
- You can view your current details via the Industry contribution tab to navigate to the Industry Contribution page.
- Update your business's details and select Submit when done.
You can see a copy of the completed form by selecting download receipt. A link to access the receipt will be emailed.
For help, view QRG: How to update your details.
This guidance sets out how we interpret the Act, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.