Corporate and Accounting Laws (Amendment) Bill

Explore the details of bill number 13/2025.

The Corporate and Accounting Laws (Amendment) Bill aims to amend the Accounting and Corporate Regulatory Authority Act 2004 and various related acts to enhance regulatory functions and ensure compliance.
Key amendments include expanding the Registrar's powers to enforce compliance, disqualifying individuals with money laundering convictions from serving as directors, and modifying the requirements for company information accessibility.
The bill raises penalties for certain financial misconduct, streamlines the procedures for the dissolution and restoration of companies, and enhances collaboration with foreign audit regulators.
New provisions require public accountants to clearly identify themselves in audit reports and set regulations for managing proliferation financing alongside existing financial crime requirements.
Additional amendments concern procedural efficiency, such as shortening notification periods for corporate changes, removing outdated statutory requirements, and ensuring timely publication of changes to company registrations.

Summary written by AI (edit)

The bill is formally presented in Parliament for consideration.

6 months ago

The bill's title and key objectives are read out, but no debate occurs at this stage.

6 months ago

Members of Parliament debate the bill's general principles and overall merits.

5 months ago