Around 1.6 million directors — almost two-thirds of the total — had yet to apply for an ID number with just two months to go to the 30 November deadline, figures from the ATO revealed.
The Tax Office said more than 900,000 directors had applied for their unique 15-digit identifier as at 30 September, from an estimated population of about 2.5 million.
The director ID scheme, which is one of the early steps in digitising and integrating all of Australia’s business registries, was vital to prevent fraud and reborn, or phoenix companies arising from the ruins of failed operations, it said.
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