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Here are 4 results that may be of interest

contravention (4)

Article

New Director Identification Number changes are now in effect

Partner Nicole Radice sets out the steps directors must take to comply with the Director Identification Number (DIN) requirements and outline the enforcement of DIN offences. Changes came into effect on 1 November 2021, which require all directors

  • Phoenixing
  • ASIC
  • Legislation
  • consequences
  • contravention
  • DIN
  • Not-for-profit
  • Charities
  • Directors

Legislation Update

The Director Identification Number is almost here

Directors of Australian companies will soon need to obtain a personal identification number as part of reforms to the Corporations Act 2001 which are intended to deter illegal “phoenixing” activities. All Australian directors must apply for a Di

  • Phoenixing
  • ASIC
  • Legislation
  • consequences
  • contravention
  • DIN
  • Not-for-profit and charities

Legislation Update

Directors, your number is (nearly) up!

Legislation implementing the new director identification number (DIN) scheme recently commenced, though the obligations involved are not due to start until late 2022. The Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020

  • Phoenixing
  • ASIC
  • Legislation
  • consequences
  • contravention
  • DIN
  • Not-for-profit and charities

Legislation Update

Changes to director resignations: improving the accountability of resigning directors

From today, 18 February 2021, important changes commence in relation to whether and when a resignation by a director (or alternate director) takes effect.  Key points: A resignation will only take effect on the date it occurs if ASIC is notified

  • Phoenixing
  • ASIC
  • Legislation
  • consequences
  • contravention
  • DIN
  • Not-for-profit
  • Charities