Corporations Point-in-Time Service Updates

Thursday 18 August 2022 @ 2.20 p.m.

The Corporations Point-in-Time Service has been updated to include the Treasury Laws Amendment (2022 Measures No. 1) Act 2022 (Cth)  (Act 35 of 2022).

Act 35 of 2022

An Act to amend the law relating to taxation and superannuation, to make miscellaneous and technical amendments of the statute law of the Commonwealth, and for related purposes.

Schedule 4 to the Act makes minor and technical amendments to various laws in the Treasury, Social Services and Veterans’ Affairs portfolios, especially in regards to:

  • the commencement of registries modernisation amendments;
  • application of registries modernisation amendments; and
  • financial reporting obligations.

Please note, Schedule 4 of this Act retrospectively amends the automatic commencements of the following Acts:

  • Business Names Registration (Fees) Amendment (Registries Modernisation) Act 2020 (Cth) (Act 66 of 2020);
  • Corporations (Fees) Amendment (Registries Modernisation) Act 2020 (Cth) (Act 67 of 2020);
  • Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) (Act 69 of 2020);
  • Treasury Laws Amendment (2021 Measures No. 1) Act 2021 (Cth) (Act 82 of 2021); and
  • Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 (Cth) (Act 115 of 2021).

Previously, parts of these Acts automatically commenced on 22 June 2022. Following the amendments, these Acts will now automatically commence on 1 July 2026, or on an earlier date if specified by Proclamation.

These commencements affect amendments to the following Acts:

  • Corporations Act 2001 (Cth) (Act 50 of 2001);
  • Australian Securities and Investments Commission Act 2001 (Cth) (Act 51 of 2001);
  • Corporations (Fees) Act 2001 (Cth) (Act 52 of 2001);
  • National Consumer Credit Protection Act 2009 (Cth) (Act 134 of 2009);
  • National Consumer Credit Protection (Transitional and Consequential) Provisions Act 2009 (Cth) (Act 135 of 2009);
  • Business Names Registration Act 2011 (Cth) (Act 126 of 2011);
  • Business Names Registration (Transitional and Consequential Provisions) Act 2011 (Cth) (Act 127 of 2011); and
  • Business Names Registration (Fees) Act 2011 (Cth) (Act 128 of 2011).

These amendments have been updated in the Point-in-Time Corporations Service current to 17 August 2022. (NB: subscription required).

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