The key measures of this legislation are improved beneficial ownership disclosure for listed entities and the extension of the instant asset write-off for small businesses.
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 cleared both chambers of the Australian Parliament on 27 November 2025, without any changes to the version initially introduced.
The final steps before it becomes law are receiving royal assent and its formal publication in the Official Gazette.
The key measures of this legislation are improved beneficial ownership disclosure for listed entities and the extension of the instant asset write-off for small businesses.
The summary of The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 is as follows:
The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 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 AUD 20,000 instant asset write-off by 12 months until 30 June 2026. Also makes minor, technical or machinery amendments to 11 Acts.
Earlier, the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 was presented in Australia’s Parliament on 4 September 2025.
