ASIC sets sights on business ‘data spine’


Australia’s corporate watchdog has shed light on ongoing efforts to investigate a ‘data spine’ of business and company data, one of the core benefits of the registry overhaul scrapped by the federal government last year.

In a move that foreshadows additional funding to modernise the nation’s business registries, the Australian Securities and Investments Commission is planning a “data spine strategy” for its Registry Connect program.

Registry Connect has been set up to stablise and uplift the registry systems behind the country’s 32 business registers in the wake of last year’s independent review of the moderinsing business registers (MBR) program.

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