Treasury is consulting on the new data standard and disclosure framework which support the commencement of the director ID regime. Background.
The draft director ID data standard prescribes the information required to apply for a director ID under the Corporations Act including how the information is to be provided, used and stored.
Treasury also intends to consult on draft legislative instruments relating to transitional application periods for directors to apply for a director ID. These draft instruments will provide new and existing directors with an extended timeframe to apply for a director ID during the early stages of the regime.
Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
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