Bill
Corporations (Fees) Amendment (Registries Modernisation) Bill 2019
lapsed, as at 2019-04-11. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2019-02-13
- second reading — 2019-02-13
- other — 2019-04-11
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2019-02-13.
This bill is part of a package that would modernise Commonwealth business registers and introduce a director identification number (DIN) requirement.
A minister would appoint an existing Commonwealth body as registrar, with functions and powers set out in existing laws, and the registrar would make data standards as disallowable instruments.
Directors of bodies registered under the Corporations Act or the CATSI Act would have to apply for a DIN before appointment, with existing directors given a time specified in a legislative instrument to apply, and a 28-day grace period for new directors in the first 12 months.
- Modernises Commonwealth business registers.
- Introduces a director identification number requirement.
- Allows the minister to appoint a registrar.
- Gives the registrar power to make data standards.
- Creates civil and criminal penalties for directors who fail to apply for a DIN.
Directors of bodies corporate registered under the Corporations Act or the CATSI Act, and the registrar appointed by the minister.
Sources
em
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