ATO unveils plan to eliminate 'dummy director'

Large group of corporate business people. In future, company directors will have to have their identities verified (Getty) Credit: Klaus Vedfelt/Getty Images

The Australian Taxation Office [ATO] requires that verified company directors have a “Director ID”, in an attempt to eliminate so-called 'false directors' in business.

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All Australian company directors will be required to obtain their verified ID, and A-T-O provides additional assistance in languages for diverse communities.

It is the latest campaign by the Australian Taxation Office, or ATO, to verify the identities of company directors across the country, and close loopholes for fraud.

Currently, people can apply or be nominated to be company directors with very little verification of their identity.

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