AUSTRALIA: DIRECTOR IDENTIFICATION NUMBERS (DIN) TO PREVENT PHOENIX FRAUD

King & Wood Mallesons on 14th December published an article about changes made to company law by the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2018.  The DIN will require all directors to confirm their identity and it will be a unique identifier for each person who consents to being a director.

https://www.kwm.com/en/au/knowledge/insights/director-identification-numbers-20181214

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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