As part of its Digital Business Plan, the Government announced the full implementation of the ‘Modernising Business Registers’ program.
This included recently enacted legislation introducing the new director identification number (‘director ID’) regime.
The director ID is a unique identifier that a director will need to apply for once and will keep forever.
Note that all directors will need to apply for a director ID, including directors of corporate trustees of self-managed super funds (‘SMSFs’) and of family trusts. […]