On 16 October, the Government released the second part of the draft legislation to allow the modernisation of business registers and to provide better support for businesses in an evolving digital economy.

The draft legislation and accompanying material are available on the Treasury website.

The Assistant Treasurer, the Hon Stuart Robert MP, said that legal registers administered by ASIC, and the Australian Business Register will be moved to a modern registry platform, and administered by the Australian Business Registrar within the Australian Taxation Office.

Consultation closes on 26 October.