Treasury is consulting on draft laws to link Director Identification Numbers (Director IDs) to the Company Register.
The amendments:
- Require that Director IDs are provided to ASIC as part of the company registration and director information reporting processes;
- Require that directors provide their Director IDs to companies to enable the above;
- Give ASIC power to publish Director ID information on the Company Register;
- Give ASIC the power to disqualify directors who fail to apply for a Director ID.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
