Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Act 2026 (57 of 2026)

Schedule 1   Enhancing director ID requirements

Part 5   Application and transitional provisions

Corporations Act 2001

30   In the appropriate position in Chapter 10

Insert:

Part 10.85 - Transitional provisions relating to the Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Act 2026

1740 Definitions

amending Act means the Treasury Laws Amendment (Business Registries Stabilisation and Uplift)Act 2026.

1741 Transitional - notice of director identification numbers for current directors and alternate directors

(1) This section applies if, on the day Part 1 of Schedule 1 to the amending Act commences:

(a) a person is a director or alternate director of a company, and was so immediately before that day; and

(b) a director identification number for the person has not been lodged with ASIC (whether in an application to register the company or otherwise).

(2) The company must lodge with ASIC in the prescribed form a notice of the person's director identification number before the earlier of the following:

(a) the end of the 28-day period applying under subsection 346C(3) for the company for the next response to an extract of particulars by the company;

(b) the end of the 28-day period applying under subsection 205B(4) for the company for the next change in the person's personal details.

1742 Transitional - notice of director identification numbers for current directors

(1) This section applies if, on the day Part 1 of Schedule 1 to the amending Act commences:

(a) a registered body is a body corporate; and

(b) a person is a director of the body, and was so immediately before that day; and

(c) a director identification number for the person has not been lodged with ASIC (whether in an application to register the body or otherwise).

(2) The body must lodge with ASIC in the prescribed form a notice of the person's director identification number before the earlier of the following:

(a) the end of the 12-month period starting on that day;

(b) the end of the 1-month period applying under subsection 601CV(1) for the body for the next change in the person's personal details.

(3) Disregard paragraph 1311(1A)(e) in relation to subsection (2) of this section.

Note: This means contravening subsection (2) is an offence (see subsection 1311(1)), with the penalty mentioned in section 1311F.

1743 Application of amendments - correction etc. of information held by the Registrar

The amendments made by Part 4 of Schedule 1 to the amending Act apply in relation to information held by the Registrar on or after the commencement of that Part (whether the information began to be held by the Registrar before, on or after that commencement).