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Modernising business registers – project management
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This audit would assess the effectiveness of the Australian Taxation Office’s (ATO’s) design, planning for and early implementation of the Modernising Business Registers (MBR) program, including consultation with stakeholders and introduction of the related director identification number (director ID) initiative.
The Commonwealth business registry regime was created in June 2020 when the Commonwealth Registers Act 2020 and four related Acts commenced. As part of the 2020–21 Budget’s Digital Business Plan, the government announced $480 million in funding to enable the full implementation of the MBR program. The MBR program will unify the Australian Business Register and 31 registers administered by the Australian Securities and Investments Commission (ASIC) on a digital registry system, the Australian Business Registry Services (ABRS). The program is to be progressively rolled out between 2021 and 2024 with the aim of making it easier for businesses to meet their registration obligations, make business information more trusted, and improve efficiency of registry service transactions.
To deliver the MBR program, the ATO is working in partnership with the Treasury; ASIC; the Department of Industry, Science and Resources; and the Digital Transformation Agency.