CORPORATIONS ACT 2001 - SECT 1272 Giving and cancelling director identification numbers

CORPORATIONS ACT 2001 - SECT 1272

  (1)   The Registrar must, by notifying a person who has applied under section   1272A, give the person a director identification number if the Registrar is satisfied that the person's identity has been established.

  (1A)   The Registrar may make a request of the person under subsection   (5) for the purposes of satisfying the Registrar that the person's identity has been established.

  (2)   The Registrar must make a record of the person's director identification number.

  (3)   The Registrar may, by notifying a person, cancel the person's director identification number if:

  (a)   the Registrar is no longer satisfied that the person's identity has been established; or

  (b)   the Registrar has given the person another director identification number.

  (4)   If:

  (a)   at the time the person is given a director identification number under this section, the person is not an eligible officer; and

  (b)   the person does not, within 12 months after that time, become an eligible officer;

the person's director identification number is taken to have been cancelled at the end of the 12 month period.

  (5)   The Registrar may request, but not compel, the person:

  (a)   if the person has a tax file number--to give the Registrar the person's tax file number; or

  (b)   if the person does not have a tax file number:

  (i)   to apply to the Commissioner of Taxation for a tax file number; and

  (ii)   to give the Registrar the person's tax file number after the Commissioner of Taxation has issued it.