Bill
National Consumer Credit Protection (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.
The package would allow a minister to appoint an existing Commonwealth body as registrar, with functions and powers set out in existing laws like the Corporations Act and the Credit Act.
A person appointed as a director under the Corporations Act or the CATSI Act would have to apply for a DIN before their appointment, with a 28-day grace period during the first year of the requirement.
- The bill would modernise Commonwealth business registers, initially covering those administered by ASIC and the Australian Business Register.
- The bill would introduce a DIN requirement for directors of bodies corporate under the Corporations Act and the CATSI Act.
- The bill would create civil and criminal penalties for directors who fail to apply for a DIN on time or who provide false information.
Directors of bodies corporate registered under the Corporations Act and the CATSI Act, and officials handling information held by the registrar.
Sources
em
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