Senate debates

Wednesday, 24 November 2021

Questions without Notice

Banking and Financial Services

2:56 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

The Australian business community has wholeheartedly supported and embraced the director ID program as part of the Morrison government's commitment to cutting red tape for business. The Australian Chamber of Commerce and Industry said that the consolidation of business registers will simplify businesses' interactions with government and reduce duplication. Businesses need only tell government once. Similarly, the Australian Institute of Company Directors recognised the program's value as a flexible and technology-neutral modern business registry regime, and its potential to stop criminal behaviour and illegal phoenix activity. Director ID is just one of the many business focused solutions that the Morrison government is implementing to make doing business easier, fairer, faster and safer. It's part of Australia's commitment to being a leading digital economy and society by 2030.

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