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Ready to start your own business?

09 May 2013

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We’re here to help make it easier for you to focus on the excitement of building your business.

  • Make sure your customers can find you 24/7
  • Organise your cash flow and be free to run your business your way
  • Get the support you need when you need it to save you time

Ready for Business is an initiative to help business owners:

  • Manage your money
  • Attract customers
  • Set up online accounting


Ready for Business recognises that starting a business can be overwhelming and that there is a large amount of paperwork to get through. As this is an exciting and happy time for small business owners, Ready for Business will do the heavy lifting and get the onerous paperwork sorted in our easy, one-stop-shop. We want you to be out there trading and looking after your business, not buried in a mountain of paperwork!

What does the Ready for Business process involve?

  1. You will receive a confirmation email from Ready for Business that will confirm the products you have expressed interest in.
  2. If you have selected a bank account from Westpac, you will receive a phone call from a Westpac customer service representative who will confirm your details and make an appointment for you at a convenient branch to complete your identity check.
  3. If you have selected a website with MYOB Atlas, you will receive an email confirming the set up of your website and outlining the next steps to get your website live. Westpac may also contact you regarding banking services.
  4. If you have selected an online accounting package with MYOB LiveAccounts you will receive an email outlining the next steps involved in getting your online accounting operational. Westpac may also contact you regarding banking services.

How long before my business services are up and running?

Depending on your selections, the registration status of your business and your meeting other eligibility criteria you could have your new business services up and running in 72 hours. To give you a better break down, it takes:

  • 30 minutes to set up your bank account (to deposit only – you will be able to transact on the account once you have confirmed your identification in branch)
  • 15 minutes to set up your basic website
  • 15 minutes to set up your basic online accounting package
  • To be eligible to apply for a Business One Low Transaction Plan account your business must be registered in Australia

What documents and identification do I need?

You will not need any documents or identification with you to start the Ready for Business enquiry process.

There are a few things that you will need further along though and they are all listed out for you below:


Westpac bank account

  • Your ABN
  • Your business name
  • Personal Tax File number (this is not compulsory however if a bank account does not have a TFN registered with it, the ATO charges withholding tax at the highest rate)
  • 100 points of identification to take to a branch to be formally identified ( this can include Drivers Licence, Medicare card, Passport or other forms of recognised identification). For more information please visit

MYOB Atlas website

  • ABN and Business Name recommended but not mandatory
  • Your website title
  • Your website purpose

MYOB LiveAccounts online accounting package

  • ABN and Business Name recommended but not mandatory

Why use Ready for Business to help me start my business?

Ready for Business takes much of the hassle out of getting the administrative work done to set up your business for success. The combined expertise of Westpac and MYOB will help you with the tasks that can be tedious and time consuming, allowing you to get on with the important parts of getting your business operational.

Westpac is Australia’s oldest bank and prides itself on supporting Australians to realise their dreams whatever they may be.

MYOB’s passion is making business life easier for you. Our business management solutions help you be more productive, which gives you more time to build your venture and enjoy life outside work.


To find out more please visit