Assistant treasurer Stephen Jones blames ‘failure of planning and oversight’ by previous Coalition government
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The Albanese government is abandoning an attempt to modernise the way businesses record public information such as the identity of company directors, after a review found the Coalition-era project would run more than $2bn over budget.
The assistant treasurer, Stephen Jones, is now considering the review’s call to instead spend a further $515m returning registry functions to the Australian Securities and Investment Commission and investing to improve data integrity in other ways.
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