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ARTICLE · 27 MARCH 2021

Have your say on Director Identification Numbers (DINs)

Holding Redlich
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The introduction of a new DIN will require each director to apply for a unique identifier that they will hold for life

AustraliaCorporate/Commercial Law

In June 2020, legislation was passed to enable the rollout of Director Identification Numbers (DINs) for company directors. With those changes expected to commence within the next year or two, Treasury is now consulting on the new data standards and disclosure frameworks which will apply to DINs.

What does the legislation introduce?

The changes formed part of the 2018-2019 Federal Government Budget and broader Modernising Business Registers (MBR) Program. In short, the legislation will enable:

  • the introduction of a new DIN, which will require each director to apply for a unique identifier that they will hold for life, thereby discouraging fictitious director appointments and facilitate traceability

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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