The corporate regulator has taken up compliance duties on the Director ID scheme, contacting company directors who are yet to obtain one and had ignored formal directions to apply.
As many 200,000 directors are still in breach of the scheme a year after it came into force and face heavy fines.
Director IDs — unique 15-digit identifiers – have been required by law for the last year and are typically obtained by directors verifying their identity a myGovID.
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