What is the Modernising Business Registers program?
The Modernising of Business Registers (MBR) program aims to improve the administration of business registers and unify the Australian Business Register (ABR) and the 31 business registers held with the Australian Securities & Investment Commission (ASIC).
The MBR program will help business interact with government by providing a single, trusted, reliable and easily accessible business register.
As part of the MBR program, a new Director Identification Number (DIN) will also be created.
Who is involved?
Treasury, ATO, ASIC, Department of Industry Innovation and Science and Digital Transformation Agency are the partner agencies for the MBR program. The ATO is the lead agency.
Current business registers administered by ASIC, and the ABR will be moved over time to a modern registry platform, to be administered by the newly established Commonwealth Business Registry Service at the Australian Taxation Office.
Why is MBR needed?
The current registers are built on a number of different legacy systems, imposing inefficiencies and unnecessary cost burdens on registrants in meeting their obligations and on users in finding information.
The MBR program will create a single, reliable, easily accessible source of trusted business data that will:
- be simpler for businesses and other members of the public to use.
- be more efficient for government agencies to operate.
- increase the economic and social value of the data.
How we are supporting MBR
The MBR program is engaging extensively with a range of stakeholders to support the design of the MBR platform. There will be extensive engagement activities and communication products to help and support the service transition as the new Commonwealth Business Register services become available.
- Director Identification Number
- Modernising Business Registers Business Advisory Group
- Modernising Business Registers Design Working Group
For more information or if you have questions, email DPO@ato.gov.au.