In this edition of ‘It depends’, partner Clinton Jackson talks about director identification numbers. He covers when you need one, how to apply and what’s changed in establishing companies.
A director identification number is a unique identifier that will be used to confirm a director’s identity and trace their involvement in the operation of companies.
The Corporations Act 2001 (Cth) has been amended to permanently allow companies to hold virtual meetings and electronically execute documents, including deeds.
Cooper Grace Ward has welcomed several new team members across different workgroups and departments.
Effective as of 16 February 2022, Scott will bring a wealth of knowledge and experience to the role of Chair, having practised in SMSF law for nearly three decades.
Draft legislation released by the Federal Government proposes new obligations on franchisors to publish disclosure documents and other materials on a publicly available register.
A decision of the Australian Charities and Not-for-profits Commission that a not-for profit entity was not entitled to public benevolent institution status has been set aside.
Entities that carried on business in Australia and had a consolidated revenue above $100 million in FY2021 are required to submit a modern slavery statement prior to 31 December 2021.
The firm has promoted Chantal Kirkwood, David Lowes and Keeghan Silcock to senior associate. Angela Sheehy has also been promoted to associate.
The ATO has recently issued taxpayer alert TA 2021/2, which relates to arrangements where an Australian tax resident’s foreign income is disguised as gifts or loans from related offshore entities.
Former executive officers of a corporation have been found not liable under certain provisions of Queensland’s Environmental Protection Act for harm caused by the corporation in circumstances where the harm came to fruition after their tenure.
The Federal Government has recently announced reforms to the regulation of not-for-profit entities that self-assess as income tax exempt.