Summary
Amends the:
Corporations Act 2001
to expand beneficial ownership disclosure obligations that apply to entities listed on Australia’s financial markets and broaden the Australian Securities and Investments Commission’s regulatory enforcement powers;
Australian Charities and Not-for-profits Commission Act 2012
to provide for new exceptions for the public disclosure of protected Australian Charities and Not-for-profits Commission information about new and ongoing investigations;
Financial Regulator Assessment Authority Act 2021
to reduce the frequency of the Financial Regulator Assessment Authority review cycles;
Competition and Consumer Act 2010
to extend the operation of the prohibiting energy market misconduct provisions from 1 January 2026 to 1 January 2031; and
Income Tax (Transitional Provisions) Act 1997
to extend the $20,000 instant asset write-off by 12 months until 30 June 2026. Also makes minor, technical or machinery amendments to 11 Acts.