DSPANZ provided a submission to the Treasury's consultation on the Registry Stabilisation and Uplift - Draft Legislation on 13 February 2026.
In this submission we supported the objectives underpinning the proposed reforms and recognised the importance of:
- Strengthening the integrity and reliability of company and director data
- Reducing the risk of fraudulent or unauthorised directorships
- Improving regulator confidence in corporate governance information
- Supporting broader "tell-us-once" and digital identity initiatives across government.
We acknowledged that the introduction of Director IDs and their systematic linkage to the Companies Register represents a significant step forward in modernising Australia's business registry framework and aligns with international best practice.
However, while the amendments proposed in the draft legislation are a step towards transforming business registers, DSPANZ noted that the success of the proposed reforms will ultimately depend on the operational design choices that will ultimately support seamless interactions.