ND. https://www.fwc.gov.au/about-us. (Accessed April 12, 2015)2. Health and Safety at Work Act 2012. http://www.legislation.sa.gov.au/LZ/C/A/WORK%20HEALTH%20AND%20SAFETY%20ACT%202012/CURRENT/2012.40.UN. PDF 4. Hollis c. Vabu Pty Limited (2001) 207 CLR 21 Legal Research (Case 1.1) The Australian Business Number (ABN) is a unique 11-digit number that is very important for doing business in Australia. Along with several other documents, a registered corporate name of the entity is mandatory for ABN. One must register a business name with the Australian Securities and Investment Commission (ASIC), unless they choose to trade under their own name. In order to register the business name with ASIC, one must pay a statutory fee of $34 for one year and $78 for three years. The most suitable business structure for carrying out this type of activity will be a private limited liability company. A business is a structure in which a number of people come together or join forces to achieve a common goal. Advantages and Disadvantages of Business- • In this type of business structure, the liability of shareholders is limited based on their