Continuing to advance a single domestic market for services
The Government will modernise business registers so that businesses can quickly view, update and maintain their business registry data in one location.
The Government should develop a program of national regulatory reform to deal with domestic regulatory impediments and inefficiencies.
Progress to date
In the 2020-21 Budget, the Government committed $419.9 million to enable the full implementation of the Modernising Business Registers program, allowing businesses to quickly view, update and maintain their business registry data in one location. A program milestone was achieved in April 2021 with the appointment of the Commissioner of Taxation as the Commonwealth Registrar and the announcement of the Australian Business Registry Services.