The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 has been passed by the House of Representatives and will be introduced into the Senate.
Amongst other things, if passed, the Bill will amend the Corporations Act 2001 to expand beneficial ownership disclosure obligations that apply to entities listed on Australia’s financial markets and broaden the Australian Securities and Investments Commission’s regulatory enforcement powers.
The register will be a public, Commonwealth‑operated beneficial ownership register for unlisted companies.
However, implementation of the proposed reforms will not commence before 2027.
This timing is expected to align with the Australian Securities and Investments Commission’s timetable to stabilise and build the capacity of the existing companies register.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
