Legal database - View: Extrinsic Materials: Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 - Explanatory Memorandum

House of Representatives

Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019

Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020

Business Names Registration (Fees) Amendment (Registries Modernisation) Bill 2019

Business Names Registration (Fees) Amendment (Registries Modernisation) Act 2020

Commonwealth Registers Bill 2019

Commonwealth Registers Act 2020

Corporations (Fees) Amendment (Registries Modernisation) Bill 2019

Corporations (Fees) Amendment (Registries Modernisation) Act 2020

National Consumer Credit Protection (Fees) Amendment (Registries Modernisation) Bill 2019

National Consumer Credit Protection (Fees) Amendment (Registries Modernisation) Act 2020

Explanatory Memorandum

(Circulated by authority of the Minister for Housing and Assistant Treasurer, the Hon Michael Sukkar MP)

Glossary

The following abbreviations and acronyms are used throughout this Explanatory Memorandum.

*Abbreviation*	*Definition*
ABN Act	A New Tax System (Australian Business Number) Act 1999
ASIC	Australian Securities and Investments Commission
Business Names Act	The Business Names Registration Act 2011 and the Business Names Registration (Transitional and Consequential Provisions) Act 2011
CATSI Act	The Corporations (Aboriginal and Torres Strait Islander) Act 2006
Commissioner	Commissioner of Taxation
Corporations Act	Corporations Act 2001
Corporations Regulations	Corporations Regulations 2001
Credit Act	National Consumer Credit Protection Act 2009
Credit Regulations	National Consumer Credit Protection Regulations 2010
DIN	Director Identification Number
Fees Acts	Business Names Registration (Fees) Act 2011; Business Names Registration (Fees) Act 2011; National Consumer Credit Protection (Fees) Act 2009; Superannuation Auditor Registration Imposition Act 2012
Fees Act	The provisions of the Commonwealth Registers Bill 2019 together with the amendments in Part 1 of Schedule 1 of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 ^{[ ]}
registrar	The Commonwealth body appointed to administer the new registry regime under the new Act
SMSF	Self-managed superannuation fund
SIS Act	Superannuation Industry (Supervision) Act 1993