Directors of Organisations Must Apply Now For Their Director ID

Trendsight07 Sep, 2022Business

All directors of corporations, registered Australian bodies, registered foreign entities, and corporations owned by Aboriginal and Torres Strait Islanders identities must now have director IDs. The purpose of a director ID is to stop the use of fictitious or fraudulent director identities. A director will only need to apply for one director ID, to which they are required to retain it permanently.