Act now to obtain your Director ID If you are the director of an Australian company, time is running out for you to apply for your ASIC Director Identification Number (Director ID).  All directors of existing companies must apply for their Director ID by 30 November 2022. The quickest way to get your Director ID is to use the ABRS website at abrs.gov.au - you will need your myGov ID app to apply this way.  You will also need certain forms of identification to prove ...

Time is running out to secure your business's domain name   Your business's website domain name ending in .com.au can now change to the simpler .au.   While this new option launched in March 2022, businesses with existing domain names (eg ending in .com.au or .net.au) have had the option of a priority allocation process, to secure their .au domain name.  This priority process ends on 20 September 2022.  If you have not applied for priority access, all .au ...

Pre-Election Australian Federal Budget 2022-23 The Treasurer, Josh Frydenberg, has handed down Australia’s pre-election Federal Budget for 2022-23, his 4th Budget.  The Budget pushes cash hand-outs into the wallets of Australians through temporary measures such as one-off payments and petrol excise cuts. With many measures tailing off in July-September 2022, it is clearly geared as an Election Budget, with the nation waiting for the Election date to be called.  Here is our br...

The new Director ID: Do you need one? It’s been a busy year for Australia’s two million plus directors dealing with the pandemic and lockdowns and there’s now a new task on their to-do list. From 1 November 2021, if you’re a director or want to become one, you will need to apply for the new Director Identification Number (Director ID) being rolled out by the Federal Government. Directors of businesses and entities of all sizes – including directors and corpora...

When the coronavirus pandemic hit financial markets in March 2020, almost 40 per cent was wiped off the value of shares in less than a month.i Understandably, many investors hit the panic button and switched to cash or withdrew savings from superannuation. With the benefit of hindsight, some people may be regretting acting in haste. Although for others, accessing their super under the early release due to COVID measures was a difficult but necessary decision at the time. As it happened...