7 Oct 2021
Company Directors: DIN
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
To be a Company Director is to be in a position of high public trust.
Many Company Directors are responsible for hundreds of millions of dollar of assets and it will now be easier to track them throughout their professional career to see how successful or how destructive they have been at managing assets on behalf of shareholders.
All current and new Company Directors will need to get a Director Identify Number (DIN) through the new ABRS (Australian Business Registry Services).
If you are a Company Director on or before 31 October 2021 you will have until 30 November 2022 to apply for your DIN.
Click for DIN.
This is one compliance measure that is long overdue given the number of criminal and or incompetent Company Directors that have destroyed shareholder wealth over the past 30 years.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
