Posts tagged "Director Identification Numbers"

The Director ID is a 15-digit director identification number that is unique to each individual director who has verified their identity with the Australian Business Registry Services.

The director ID system is part of the federal government’s efforts to stamp out illegal phoenix activity. 

This year's budget will see $420 million allocated to creating a national business registry to cut red tape for small business operators. 

New director IDs which will tag business owners with permanent unique numbers are being considered by parliament this week.

A Sunshine Coast man will spend 30 months in jail after being found guilty of tax fraud involving over $100,000 in false GST claims.

A man convicted of tax fraud related to illegal phoenixing activity will spend six years in jail and pay $1.8 million in reparations.

Businesses are being warned about the dangers of adverse action after a director was fined for sacking a worker that approached fair work with a complaint.

A business owner convicted of illegal phoenix activity will spend five years in prison, amid a broader crackdown on the black economy.

Directors engaging in illegal phoenixing will be named and shamed under a new Labor policy designed to crack down on black economy activity.

The Fair Work Ombudsman will receive new powers to pursue company directors under laws that passed the lower house this week

Treasury has unveiled draft legislation that will require directors to apply for identification numbers while simplifying business registers.