Opened the debate
Mulino moved that the bill be read a second time, stating it validated fees charged by ASIC from July 2011 to March 2025. Mulino explained that the legislation corrected a technical error in the application of indexation introduced in 2011 regulations. Mulino argued that the error had unintentionally reset indexation, contrary to the original parliamentary intent. Mulino asserted that passing the bill would have no impact on the actual fees charged to users of ASIC business registers. Mulino noted that states and territories were notified of the changes in February and September 2025.