In August 2017 the Australian Government released a discussion paper on Modernising Business Registers to seek feedback from a broad range of stakeholder groups on their experience in using business registry services. Treasury received 30 submissions from a range of stakeholder groups during the consultation process. This stakeholder feedback helped us to define the problem and informed the development of a potential solution for the Government to consider.
In the 2018-19 Budget, the Australian Government considered the stakeholder feedback and advice from the relevant agencies and directed the Department of Treasury, the Australian Taxation Office, the Department of Industry, Innovation and Science and the Australian Securities and Investment Commission to develop a detailed business case for modernising the Australian Government’s business registers.
Following on from the previous feedback, this subsequent discussion paper has been released for consultation focusing on four areas that we would like to engage with stakeholders on:
- Legislation - What legislative changes are required to allow for the modernising of business registers?
- Registry Service Enhancements - How we can enhance the services offered and improve the user experience?
- Funding registry infrastructure - How should we fund the business registers in the future?
- Director Identification Numbers (DIN) - What is the best way to implement a DIN?
The discussion paper provides more information and a list of questions that may assist you with making a submission.