The program initiated by the previous government to transform and consolidate various business and professional registries has been scrapped after a review unearthed an estimated cost blowout of some $2.3bn if the project were to continue on its current trajectory. The government has stated that it remains committed to making it easy for businesses to register their details and will prioritise the stabilisation of existing registers after the closure of the program. It will also consider options to uplift registries following further analysis.
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