12
Oct, 21
Introducing Director ID: Ensuring Transparency and Accountability in Australian Business
The Director Identification Number (Director ID) initiative by the Australian Securities and Investments Commission (ASIC) is a key component of the Modernising Business Registers Program, aiming to curb fraudulent activities and ensure transparency in directorship. This unique identifier, mandatory for current and prospective company directors, is obtainable through the Australian Business Registry Services (ABRS) and is designed to remain with an individual permanently, regardless of changes in their directorial status or personal details.