Uico Coutts Redington
(07) 4796 0888
Back to News

Directors on Notice – Director ID

Is My Organisation Exempt From The Spam Act?

Is My Organisation Exempt From The Spam Act?

Acis, current as of: 25 March 2024.

ASIC has commenced the first prosecution action against a Director for failing to comply with the obligation to have a Director Identification Number (Director ID).

In Australia, it is mandatory for all company directors to verify their identity by way of the Director ID regime. Failure to comply with Director ID obligations exposes directors to the risk of civil or even criminal penalities.

For one Director, that risk has become a reality, now facing ASIC prosecution for neglecting Director ID obligations.

Read ASIC’s complete news story here.

Subscribe

  • This field is for validation purposes and should be left unchanged.
Coutts Redington logo symbol only avatar.
Coutts Redington
Company
First and foremost, we’re accountants. But we like to think of ourselves as a lot more. We work closely alongside business owners to bring more clarity, direction, and support, improving elements of your life beyond just the business. And, with our firm’s history in the Townsville area going back to the 1950s, we’re an established part of the local business community. We take that responsibility seriously.
(07) 4796 0888
We're here for you Contact our team
Reach Out
(07) 4796 0888

Share This

Select your desired option below to share a direct link to this page