The MBR program has reached another milestone with the Commissioner of Taxation’s appointment as the Commonwealth Registrar for the Australian Business Registry Services ABRS. From 15 April 2021, ASIC Registry & ATO employees will be sharing office space, in a Machinery of Government administrative change to help the Commonwealth Registrar.
The ABRS is intended to unify the Australian Business Register and 31 separate business registers administered by ASIC onto a single platform.
The MBR program is expected to be rolled out in phases until 2024.
High level milestones include:
• establish the foundations for the new registry service
• introduce director identification numbers*
• transition the companies register to the new registry service
• transition the business names register to the new registry service
• transition Australian business numbers to the new registry service
• transition the professional and historical registers to the new registry service.
*In case you missed it: A Director Identification Number will be necessary for individuals making applications after the 30 Nov 2022 deadline.