The corporate regulator is preparing a fully costed roadmap for a business “data spine” that could underpin a $1.3 billion salvage mission from the registry overhaul frozen by the federal government last year.
The Australian Securities and Investments Commission’s data spine would provide the Modernising Business Register program’s core benefit — a single source of trusted and company data.
Its costing by ASIC signals the government is open to the proposed changes in a review of the program that called for the troubled project to be narrowed, but flagged additional funding from next year could salvage its key benefits.
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