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Law for Director Identity Verification Passed

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All current and new company directors will need to verify their identity and get a director's number for life under new anti-phoenixing laws passed by federal Parliament.

The new identity system is expected to begin in the first half of 2021, once the application system has been developed and deployed.

https://www.afr.com/politics/federal/directors-to-get-id-number-for-life-to-thwart-phoenixing-20200612-p55218



What do you think?


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Comments
IdeaSpies @ 2020.06.17 6:07 PM
I would have thought these protections already existed. Good that the loophole is now being closed.


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