A Director ID is a unique identifier for company directors. The Director ID will require all directors to confirm their identity and will be a unique identifier for each person who consents to being a director.
The Director ID will interface with government agencies and databases to allow regulators to map the relationships between individuals and entities, allowing traceability of a director’s relationships across companies over time.
This will assist government regulators investigate a director’s involvement in any repeated unlawful activity including illegal phoenix activity.
The Director ID solution is part of the Modernising Business Registers (MBR) program. We are currently engaging with industry to support the design and implementation of the MBR platform and its external service interactions.
For more information or if you have any questions, email DPO.