LIBERAL SAYS PHOENIX REFORM ‘MAKES A LOT OF SENSE TO ME’

~ Liberal MP Nicole Flint, responding to an expert’s call for a Director Identification Number.

 

As experts have noted, a Director Identification Number will help detect, deter and disrupt illegal phoenix activity by dodgy directors. Labor announced this measure in May, as part of our package to crack down on phoenixing.

 

Supporters of a Director Identification Number now include:

 

Australian Institute of Company Directors

Australian Small Business and Family Enterprise Ombudsman

Productivity Commission

Tax Justice Network

Australian Chamber of Commerce and Industry

Master Builders Australia

Australian Council of Trade Unions

Australian Restructuring Insolvency and Turnaround Association

Phoenix Project, comprising experts from Melbourne University Law School and Monash University Business School

Nicole Flint MP

 

Alas, one body has failed to support a Director Identification Number:

The Turnbull Government (with the honourable exception of Nicole Flint MP).