ASIC Can Limit Public Access to Registers and Share Information to Help Carry Out Its Functions
Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Bill 2026
House of Representatives
Senate
Assent
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Directors can be disqualified if they fail to meet director ID number requirements.
Companies must lodge a director's identification number with ASIC within 14 days.
ASIC can block access to register information to protect consumers or investors from wrongdoing.
ASIC can refuse to accept documents that are in the wrong format or contain errors.
The Minister can decide which entity gets a specific business name; this applies even if the name is otherwise restricted.
ASIC can correct errors or omissions in the register.
ASIC can limit public access to certain information on its registers to protect consumers and investors from wrongdoing.
ASIC can share information with other people to help them carry out ASIC's functions and powers.
Companies must give ASIC their director's identification number within 14 days of the required date.
ASIC can refuse to accept documents or information if they are in the wrong format, contain errors, or break the law.
ASIC can correct errors or missing information in its registers.
The Minister can decide that a specific business name is available for a specific entity, even if the name would normally be restricted.
The Registrar can add extra details to the register of people who have director identification numbers.
ASIC can set the approved format for how documents and information are sent to the agency.