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GOVERNMENT CONSULTS ON BUSINESS REGISTRATION CHANGES

Saturday, 23 September 2017

The Government has started consultation on ways to modernise business registration arrangements to make it simpler for business.

Among the changes under consideration is the merger of more than 30 different Government business registers.

The Minister for Revenue and Financial Services, Kelly O’Dwyer, said the consultation, which is part of the National Business Simplification Initiative (NBSI), was designed to streamline and simplify how business interacts with all levels of government.

“We want to help businesses to focus on doing business, to save time and money and to minimise complicated government processes and regulations at all levels of government,” Ms O’Dwyer said.

“This is about making it simpler to do business and helping existing businesses to grow.

“Modernising business registers will remove barriers to new business creation, which will create more jobs for Australians.

“Improving conditions for business is an important platform in the Government’s efforts to support a strong, robust economy, growth in productivity and more jobs.”

SmartCompany.com.au reported, “The paper looks at ways the government can improve the 31 different business registers managed by the Australian Securities and Exchange Commission (ASIC) and the Australian Business Register (ABR). One suggestion is to bring the ASIC and ABR registers together into a single registration agency.

“Currently, businesses are required to register their information across a number of different locations including the Companies Register, the Business Names Register, and the ABR.”

Ms O’Dwyer said the consultation team would work closely with the Black Economy Taskforce, which is developing recommendations on ways to strengthen the integrity of the Australian Business Number (ABN) system.

Ms O’Dwyer released a consultation paper by the Taskforce on 2 August which canvasses ideas on this issue and other possible black economy reforms.

In partnership with the Digital Transformation Agency, a team of staff from five agencies is currently conducting user research into business registers to inform the development and testing of future prototypes.

Ms O’Dwyer said: “The Government is encouraging stakeholders to provide their views on all aspects of the operation of business registries including the user experience, opportunities to deliver improved business services, open data, accessibility, technology, governance and legislation.

“A modern approach to business registration will improve registry services, reduce complexity for business and enable better access to registry data in line with the Government’s open data policy to facilitate greater use and innovation.

The discussion paper is available on the Treasury website.

 

Further information

Ministerial media release: Modernising business registers to make business simpler

Ministerial media release: Commonwealth agencies cutting red tape for Australia’s new businesses

Ministerial media release: Modernising business registers to make business simpler

SmartCompany.com.au: Government seeks consultation from SMEs on idea of single business registration agency

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