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Do You Have Your ASIC Director Identification Number?  A Reminder and a Caution.

As highlighted in our November 2021 article New Requirement for Directors to Register for a Director Identification Number, company directors are required by law to apply for a director identification number.

A director ID is a unique identifier that directors apply for once and keep forever. ASIC suggests that the implementation of the director ID system will help prevent the use of false or fraudulent director identities.  All directors of companies, registered Australian bodies, registered foreign companies or Aboriginal and Torres Strait Islander corporations will need director ID’s.

Unfortunately, on 28 October 2022 ASIC published an Alert warning that scammers are pretending to be ASIC, and are approaching Registry customers via email.

Personal Liability of Directors and Company Officers - Beech v Style Global - Contempt Proceedings

Last year Holman Webb Lawyers Brisbane successfully obtained orders against a company director and a company officer for contempt of court. The contempt orders were necessary to enforce injunctive orders previously obtained by HWLB on behalf of Beech Ovens Pty Ltd. These proceedings are an exemplar of the personal liability which directors and company officers have for the actions of their company in complying with Court orders.

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