Government seeks consultation from SMEs on idea of single business registration agency

legal

The federal government is asking for feedback from the small business community over a proposal to modernise and simplify the country’s business registry services, a change which business leaders say is “well and truly overdue”.

Minister for Revenue and Financial Services Kelly O’Dwyer released the government’s “Modernising Business Registry Services” discussion paper yesterday, in the first step of its National Business Simplification Initiative announced last year.

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.

COMMENTS