Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Bill 2026

Stage by Stage

Summaries in reported speech - not a transcript. In date order, both chambers.

1. Thursday 14 May 2026 · House of Representatives

   Second Reading

   The debate concerned legislation to stabilise Australia's business registers and prevent the automatic commencement of legacy provisions from a cancelled program. Andrew Leigh moved the second reading, arguing the bill ensures the Australian Securities and Investments Commission retains administrative responsibility and enables the linking of director identification numbers to company records. He stated that without the bill, registry operations would be disrupted by outdated laws transferring control to the Australian Taxation Office. The speech outlined three schedules strengthening director ID requirements, granting ASIC new digital powers, and repealing obsolete provisions. The debate was adjourned following the single speech.

   Outcome: The debate was adjourned.

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2. Tuesday 26 May 2026 · House of Representatives

   Reference to Federation Chamber
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3. Tuesday 26 May 2026 · House of Representatives

   Second Reading

   The debate concerned legislation to stabilise Australia's business registers by repealing legacy provisions from a cancelled program and enhancing director identification requirements. The Coalition supported the bill in principle but reserved judgment on specific privacy and liability details pending a Senate inquiry. Labor members argued the bill was essential to prevent administrative disruption, combat illegal phoenix activity, and modernise regulatory infrastructure. The bill passed its second reading without amendment.

   Outcome: The bill was read a second time and reported to the House without amendment.

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4. Wednesday 27 May 2026 · House of Representatives

   Third Reading
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5. Monday 22 June 2026 · Senate

   First Reading
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6. Monday 22 June 2026 · Senate

   Second Reading

   The Minister for Industry and Innovation moved the second reading of the bill to stabilise Australia's business registers and prevent the automatic commencement of legacy provisions from a cancelled program. The legislation aims to keep administrative responsibility with the Australian Securities and Investments Commission and facilitate the linking of Director Identification Numbers to company records. It also grants the regulator new powers to manage digital services, privacy, and data integrity. The debate was adjourned without a final vote recorded in this segment.

   Outcome: The debate was adjourned and its resumption was set down for a later hour.

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