There are almost 3 million private companies in Australia. Many are used by small businesses to trade and for others, companies act as a trustee for a discretionary family trust or a self-managed super fund. However what happens when the director of the company – trading or trustee dies or becomes incapacitated? Will the
A Director Identification number (Director ID) is a unique 15-digit identifier you will keep forever. It will help to prevent the use of false or fraudulent director identities. Directors need to apply for their own director ID. It’s free to apply. Existing Directors need to apply for their Director ID by 30 November 2022.