ASIC accused of “sledgehammer” approach to Director ID compliance
The corporate regulator is taking a stern approach to company directors yet to sign up for a Director Identification Number, a senior lawyer says, as industry leaders question if the mandatory scheme is still fit for purpose.
ATO call centres unable to meet demand as tax office urges Australians to check online services
The Australian Taxation Office said its call centres were unable to keep up with demand on Friday, as taxpayers and business owners alike flooded the system with last-minute end of financial year queries.
ATO to chase 500,000 company leaders who still haven’t signed up for a Director ID
The ATO is contacting company directors to remind them of their Director ID Number obligations, chasing the 500,000 business leaders technically breaching corporate law by going without.
End of Director ID amnesty exposes 500,000 Australian corporate leaders to severe fines
As many as 500,000 company directors are now exposed to criminal penalties of $13,200 after the ATO's amnesty on late Director ID applications passed on Wednesday.
Director ID: ATO confirms crackdown on those “deliberately” missing obligations
As company directors scramble to file their Director ID applications ahead of December 14, the ATO says it will consider penalties for business leaders who "deliberately" sidestep the new identification system.
Worst offenders could face criminal charges, expert warns, as final Director ID deadline looms
Thousands of company directors technically committed a criminal offence by not applying for a Director ID number before November 30, but regulators appear unlikely to chase business leaders through the courts the moment a 14-day amnesty period comes to an end.
“Bring on the fine”: Business leaders see red over Director ID application bugs
Australian business leaders say the mandatory Director ID sign-up process is deeply flawed, with technical bugs, difficulties accessing the myGov ID system, and overwhelmed customer service lines delaying applications.
Director IDs: Tax boss gives directors 14 more days to apply to avoid penalties
The ATO has confirmed that it won't throw the book at directors if they sign up for the new Director ID scheme by December 14.
One million company directors risking $13,200 fine as November 30 Director ID deadline looms
The Australian Business Registry Services says some 1.1 million business leaders are yet to sign up for their unique identifying number.
ATO spends $3.2 million to push director ID registrations as deadline approaches
Anyone who is a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation is required to register and director identification number by November 30.
Company directors urged to apply for Director ID before November 30 deadline
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.
Director ID changes come into effect today: Here’s what you need to know
Changes to company director IDs come into effect today, with new directors required to apply for their new 15-digit unique identifier number within 28 days.
