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Another uniform national register on the cards replacing 35 business registers

In January 2012, the Personal Property Securities Register (‘PPSR’) became a unified register replacing the ASIC Register of Company Charges, the Australian Register of Ships, the Fisheries Register, state and territory bills of sale registers and registers of encumbered vehicles. Seven years on, the Commonwealth Registers Bill 2019 along with four related Bills have been introduced into the House of Representatives as part of the National Business Simplification Initiative, a collaboration between the federal, state and territory governments aimed at helping businesses grow by cutting red tape. 
The proposed new legislative package will bring about two major changes, the creation of a new uniform national register and the introduction of the DIN – Director Identification Number.
 

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