On 28 August 2023, The Hon Stephen Jones MP, Assistant Treasurer and Minister for Financial Services, announced the cessation of the Modernising Business Registers (MBR) program following an independent review that was completed in July.
The Australian Business Registry Services (ABRS) was established through the MBR program.
Director ID, which is helping to identify and eliminate illegal phoenixing behaviour, is not affected by the announcement.
The following are still available:
- The director ID algorithm – developed to support digital service providers (DSPs) with the director ID initiative, testing the validity of numbers quoted as director IDs in software.
- Existing services from ASIC available through Application Programming Interfaces (APIs) for Digital Service Providers (DSPs).