Coalition plan means thousands of companies won't lodge reports with regulator

Photo of Coalition plan means thousands of companies won't lodge reports with regulator
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Josh Frydenberg says move will reduce ‘burden’ for businesses by changing the definition of a large proprietary company

Thousands of private companies won’t have to lodge financial reports with Australia’s corporate regulator under a Morrison government plan to cut “red tape” for business.

The treasurer, Josh Frydenberg, said the Coalition had decided to reduce the reporting “burden” for small and medium businesses by changing the definition of what constituted a large proprietary company.

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