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12 September 2017

Re: Unique identification number for company directors

Comments attributable to Kate Carnell
Australian Small Business and Family Enterprise Ombudsman
“We support a unique identifier that will enable identification of rogue directors to ensure they can’t be involved in multiple instances of phoenixing.
“Phoenixing hurts small business. When companies phoenix it’s usually the subcontractors and small businesses who suffer; they’re the ones who aren’t paid.
“This is a definite step in the right direction to ensure that small businesses get a fair go.
“The challenge for the government is to ensure this is not just another number with more red tape.
“We’ve already got an ACN, ABN, a TFN and many licences and regulatory requirements for businesses.
“We want to see a scenario where all of this data is consolidated into a single portal that contains all relevant information.”