ASIC

Director Identification Numbers Bill has passed

All company directors will soon be required to apply to ASIC to obtain their own unique Director Identification Number (DIN). The Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill (the Amendment), part of the Government’s legislative package to introduce the Commonwealth Registers Act, has now passed both houses of parliament. Pending royal assent, it …
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To be or not to be – the next Annual General Meeting (AGM)

As a result of the Corona Virus Outbreak (COVID-19) and social isolation restrictions, many organisations are finding it impossible hold their AGM. For companies with a financial year end of 31 December, AGMs are generally required to be held by 31 May. However, the Australian Securities and Investments Commission (ASIC) has relaxed this requirement. ASIC …
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