Business registers are a key component of Australia’s economic infrastructure. The Government is modernising these business registers to enable businesses, and other users, to manage their registrations and registry obligations in one place. This will make it easier for business to fulfil regulatory responsibilities and streamline interactions with government.
As part of this modernisation, the Government has been considering how registry fees will apply in the new system being delivered through the Modernising Business Registers (MBR) program. The MBR program is being implemented in stages through to 2024.
Treasury has been consulting broadly on business registers since 2017 and released a discussion paper focused on registry fees in 2018. Given changes to the broader business environment and the continued maturation of the MBR program, the Government is seeking further views on the role and design of aspects of the registry fee regime. Any changes to the fee regime will consider stakeholder feedback received through both rounds of consultation.
The scope for this consultation is the fees associated with the business registers. This includes registration, review, and renewal fees, search fees, infrastructure fees, late fees and lifecycle fees. ASIC regulatory fees and charges, including those under Industry Funding Model, are outside of scope. Possible fees for Director Identification Numbers, Australian Business Numbers or for subfunds attached to a Corporate Collective Investment Vehicle are also out of scope of this paper.
You can submit responses to this consultation up until 28 January 2022. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
How To Respond
Address written submissions to:
Consumer Data Right Division
Parkes ACT 2600