We have previously notified you of the government’s Modernising Business Registers (MBR) program and the introduction of the Director ID. Steps have now been made to merge the ASIC and ATO systems and as of 1 November 2021, the Director ID will be live.
So you have decided to register a new company for your business or personal activities. Now you will need to ensure that it complies with its legal obligations under the Corporations Act 2001 (Cth) and other legislation.
In the wake of the unprecedented times brought about by the COVID 19 pandemic, we at Patricia Holdings are pleased to continue providing our customers with high quality services into the new financial year.
There are a number of things to think about before setting up a company.
At Patricia Holdings, we have noticed a general increase in the number of company registrations during the COVID pandemic. Of course, this was after an initial dip in numbers.
The Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) has now been passed. It provides for a new Director Identification Number (DIN) regime.
It’s fair to say that we are living through unprecedented times and this financial year has been like no other before.
On behalf of the Patricia Holdings Team, we hope you, your family and your team are keeping your spirits up and hopefully are also all healthy and well.