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brisbane • sydney • melbourne


A collection of updates, articles and papers written by The Little CFO & The Little CFO Legal

Unification of Australian Business Register

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.

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