Australia demands company directors have digital ID
By DARREN SMITH
THE Government of Australia’s requirement that all company directors have an online digital ID to be able to operate, pay taxes and use other government services passed its deadline on December 1 last year.
Among privacy concerns, as well as the dash towards total digitisation, around one million of the roughly 2.5 million registered companies and organisations had not applied for their digital ID, just before the main deadline.
Ostensibly, to combat the fraud of ‘phoenixing’ liquidated companies, which could easily be done with the tools already available, there is huge opposition to this new law, and it may yet prove to be a failure if enough people refuse to comply.
If millions of people don’t register, and many argue that it is another unlawful act by rogue politicians, it would render the entire system inoperable.