With this paper we introduce the Australian Journal of Taxonomy and outline its scope, rationale, workflow and governance. The journal is published by Taxonomy Australia, a national collaboration by the Australian taxonomic community. Australian Journal of Taxonomy is one of the world's first fully-online journals. Papers are born-digital and born-online: they are authored on the Australian Journal of Taxonomy online platform, and all subsequent steps (peer-review, editing, copy editing and publication) take place on that platform. At no stage does a paper in Australian Journal of Taxonomy need to exist as a document in a word-processing application. This fully-online processing substantially eases and accelerates workflows, and reduces the costs of production and publishing to a minimum. For these reasons, Australian Journal of Taxonomy is also diamond open access, with no access charges for either authors or readers. Australian Journal of Taxonomy is optimised for the rapid publication of new Australian taxa across all eukaryotic organismal groups (animals, fungi, plants etc.), and is part of the overarching strategy of Taxonomy Australia to substantially accelerate the discovery and taxonomic documentation of Australia's biodiversity.