Bill
Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019
passed, as at 2020-06-22. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2019-12-04
- second reading — 2019-12-04
- second reading — 2020-02-12
- second reading — 2020-02-12
- third reading — 2020-02-12
- introduced — 2020-02-13
- second reading — 2020-02-13
- second reading — 2020-06-11
- second reading — 2020-06-12
- second reading — 2020-06-12
- third reading — 2020-06-12
- passed — 2020-06-12
- royal assent — 2020-06-22
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 2019-12-04.
This bill is part of a package that would modernise Commonwealth business registers and introduce a director identification number (DIN).
A minister would choose an existing federal body to act as registrar, setting data standards and controlling how information is collected, stored and shared.
Directors of companies under the Corporations Act or CATSI Act would have to get a DIN from the registrar before being appointed, with extra time allowed in the first 12 months and for existing directors.
- Modernise business registers by letting a minister appoint a registrar to run them under flexible, technology-neutral rules.
- Introduce a requirement for company directors to obtain a director identification number from the registrar.
- Create offences for unauthorised disclosure of information held by the registrar and for providing false identity information to the registrar.
Directors of bodies corporate registered under the Corporations Act and the CATSI Act, and officials handling registry information.
Sources
em
billhome
frl act