Companies Act amendments: 170 changes approved by cabinet

Companies Act amendments approved by the federal cabinet are now before parliament, and aim to simplify company registration and cut compliance costs.

The federal cabinet has approved 170 amendments to the Companies Act 2017, and the bill has been forwarded to parliament.

The changes aim to ease company registration, business operations and compliance costs.

Officials say about 60 to 70 per cent of the reform work is complete.

Businesses face overlapping inspections; a single-window digital portal is proposed to reduce visits to multiple departments.

No effective date has been confirmed.

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