Labor will need to make additional budget cuts after uncovering a $1 billion blowout in the Coalition’s signature program to consolidate business registries.
Labor is warning it will need to make additional budget cuts after uncovering a $1 billion blowout in the Morrison government’s signature program to consolidate business registries.Financial Services Minister Stephen Jones said the cost of the federal government’s $480 million program to consolidate 30 separate business registries into one had blown out to more than $1.5 billion.
“They either knew about it and kept it from the Australian people, or they were so monumentally incompetent not to know that a major project [wasn’t going well],” he said. The modernising business registers program was announced in the 2018-19 budget, with then assistant treasurer Mr Robert saying the existing array of multiple registers imposed a heavy burden on businesses trying to find information and meet their obligations.
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