ACRA (Registry and Regulatory Enhancements) Bill

Explore the details of bill number 17/2024.

Summary

The ACRA (Registry and Regulatory Enhancements) Bill aims to amend the Accounting and Corporate Regulatory Authority Act 2004 and other related Acts, enhancing the business registry and regulatory system.
Key amendments include establishing a repository of information related to business entities, facilitating electronic transactions, and refining the disclosure framework to protect personal data.
The Bill introduces provisions for public agencies to share information with the Registrar and allows certain data to be excluded from public disclosure if a contact address is provided.
The updated legislation will include new sections addressing contact addresses, addressing privacy concerns for individual identities linked to business registrations.
It also streamlines procedures regarding the submission of documents and notifications by using an electronic transaction system, ensuring compliance with scheduled laws under the Authority's purview.

Summary written by AI (edit)

Original PDF Debate

Timeline

Bill introduced

The bill is formally presented in Parliament for consideration.

7 months ago

First reading

The bill's title and key objectives are read out, but no debate occurs at this stage.

7 months ago

Second reading

Members of Parliament debate the bill's general principles and overall merits.

5 months ago

Select committee

The bill is examined in detail by a select committee, which may suggest amendments.

5 months ago

Third reading

Members of Parliament debate the final version of the bill, including any amendments made.

5 months ago

Voting

The bill is voted on by the Members of Parliament and, if it receives the required majority, it becomes law. Do note that an exact vote may not be counted; the 'ayes' can simply be louder than the 'noes'.

5 months ago

Bill passed

The bill is passed and becomes law.

5 months ago