Director disqualification for failing to provide identification numbers
Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Bill 2026
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Directors can be disqualified if they fail to meet director ID number requirements.
Companies must lodge a director's identification number with ASIC within 14 days.
ASIC can block access to register information to protect consumers or investors from wrongdoing.
ASIC can refuse to accept documents that are in the wrong format or contain errors.
The Minister can decide which entity gets a specific business name; this applies even if the name is otherwise restricted.
ASIC can correct errors or omissions in the register.