From November 2021, directors of Australian companies will need to apply for and verify their identity as part of a new statutory requirement for them to have a Director Identification Number (DIN).

The amended Rule 12A replaces annual Director KYC filings with a triennial DIR-3 KYC Web requirement. The key takeaway is reduced routine compliance with stronger focus on verified and updated ...

The amended rules replace annual KYC with a three-year filing cycle for directors holding DINs. The key takeaway is reduced compliance frequency alongside stricter reporting of personal detail ...