Australia: Beneficial ownership, instant asset write-off bill receives Royal Assent
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 receives Royal Assent
Legislation to bolster the substantial holding and tracing notice regimes that govern the disclosure of beneficially owned interests in listed entities, and extend the instant asset write-off by 12 months, has received Royal Assent.
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025:
- Enhances the beneficial ownership disclosure obligations that already apply to entities listed on Australia's financial markets
- Provides two new exceptions for the public disclosure of protected Australian Charities and Not-for-profits Commission (ACNC) information about new and ongoing investigations
- Reduces the frequency of the Financial Regulator Assessment Authority's (FRAA) reviews of the Australian Securities and Investments Commission (ASIC) and Australian Prudential Regulation Authority (APRA) to every five years
- Makes minor and technical amendments to Treasury portfolio legislation