Welcome to our November 2021 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today and throughout the year ahead. DIRECTOR IDENTIFICATION NUMBERS Effective 1 November 2021 there are new legal requirements regarding what are known as Director Identification Numbers (“DIN”). Following is a brief summary of this new regime. What is a Director Identification Number (“DIN”)? The DIN (also referred to as a “Director ID”) is a 15-digit unique identifier that will help prevent the use of false or fraudulent director identities. This will make it easier to trace director relationships across companies and help identify and eliminate involvement in illegal activity such as phoenix activity.