The Treasury Laws Amendment (2022 Measures No 1) Act 2022 has been passed by Parliament and received assent on 9 August 2022.

Amongst other things, the Act delays the commencement of the Modernising Business Registers program to 1 July 2026, or an earlier date specified by proclamation.

UPDATE 9 February 2023: The Assistant Treasurer has announced an independent review of the MBR program.

The Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 provided for the transfer of the Australian Business Register (ABR) and the 31 Australian Securities and Investments Commission (ASIC) business registers onto a single platform that will be administered by the Australian Business Registrar within the Australian Taxation Office (ATO).

The amendments delay the automatic commencement of the new registers until the IT systems supporting the Modernising Business Registers Program are ready.

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