On 17 August the AICD provided a submission to the Treasury consultation on Modernising Business Registers. Our submission focused on the areas of Director Identification Numbers (DINs) and the need for the Government to address privacy and security concerns regarding public access to directors’ personal information. Our submission benefits from the results of surveys of directors undertaken by the AICD In August 2018.
In summary, the AICD:
- Supports the introduction of DINs.
- Strongly recommends that the Government should prioritise the removal of personal director information from the public register simultaneously with the introduction of DINs.
- Does not support law reform that will transfer to a Registrar the flexibility to decide what information to collect, record and be publicly displayed in respect of information on directors.
- Supports a simple on-line digital application process for DINs and provides some initial high level suggestions to assist with the implementation of DINs.
This is of of your complimentary pieces of content
Already a member?
Login to view this content