Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
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OFFICERS
PART 6-7A
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DIRECTOR IDENTIFICATION NUMBERS
SECTION 308-5
GIVING AND CANCELLING DIRECTOR IDENTIFICATION NUMBERS
308-5(1)
The Commonwealth Registrar must, by notifying a person who has applied under section 308-10 , give the person a director identification number if the Commonwealth Registrar is satisfied that the person ' s identity has been established.
308-5(1A)
The Commonwealth Registrar may make a request of the person under subsection (5) for the purposes of satisfying the Commonwealth Registrar that the person ' s identity has been established.
308-5(2)
The Commonwealth Registrar must make a record of the person ' s director identification number.
308-5(3)
The Commonwealth Registrar may, by notifying a person, cancel the person ' s director identification number if: (a) the Commonwealth Registrar is no longer satisfied that the person ' s identity has been established; or (b) the Commonwealth Registrar has given the person another director identification number.
308-5(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;
308-5(5)
The Commonwealth Registrar may request, but not compel, the person: (a) if the person has a tax file number - to give the Commonwealth Registrar the person ' s tax file number; or (b) if the person does not have a tax file number:
View history note
Hide history noteThe Commonwealth Registrar must, by notifying a person who has applied under section 308-10 , give the person a director identification number if the Commonwealth Registrar is satisfied that the person ' s identity has been established.
308-5(1A)
The Commonwealth Registrar may make a request of the person under subsection (5) for the purposes of satisfying the Commonwealth Registrar that the person ' s identity has been established.
308-5(2)
The Commonwealth Registrar must make a record of the person ' s director identification number.
308-5(3)
The Commonwealth Registrar may, by notifying a person, cancel the person ' s director identification number if: (a) the Commonwealth Registrar is no longer satisfied that the person ' s identity has been established; or (b) the Commonwealth Registrar has given the person another director identification number.
308-5(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.
308-5(5)
The Commonwealth Registrar may request, but not compel, the person: (a) if the person has a tax file number - to give the Commonwealth 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 Commonwealth Registrar the person ' s tax file number after the Commissioner of Taxation has issued it.
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