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Directors without Director IDs Face Criminal Charges
Wednesday 11 September 2024 / by Ann Kwak posted in Business, Corporate & Commercial Director ID Director Identification Number DIN

ASIC has started bringing court actions against Directors in Australia for failing to have a Director Identification Number (DIN). The actions brought by ASIC are criminal. Therefore, any penalty imposed by the court in such a case will result in the Director having a criminal record.


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.


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