Article
ASIC has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (DIN). Background Changes to the Corporations Act 2001 (Cth) (Corporations Act) which came into eff
Legislation Update
In this article we discuss the important Director Identification Number (DIN) deadline directors should be aware of. Directors appointed prior to or on 31 October 2021 have until 30 November 2022 to apply for a DIN. The changes, which came into
Article
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
Legislation Update
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
Legislation Update
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
Legislation Update
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
Legislation Update
ASIC has long held illegal phoenixing in its sights and has proposed a number of reforms to deter and disrupt illegal phoenix activity from occurring and remove the unfair competitive advantage that it creates. These reforms include the introduction