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Secret shareholder register overhauled amid privacy fears
Ronald MizenPolitical correspondent
Labor has caved to pressure to overhaul its plans to make public the secret owners of Australian unlisted companies, amid fears wealthy investors and their families could be exposed to identity theft and cybercrime.
After committing to a public database of so-called “beneficial owners” of companies, the government will instead limit access to regulations, law enforcement, journalists and academics.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
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