The government will consider introducing identification numbers for directors of Australian companies, after the Productivity Commission labelling it a necessary reform to the countrys insolvency practices.
On Thursday Small Business Minister Michael McCormack handed down the governments response to the commissions final report from its review of business set-ups, transfers and closures in Australia, which considered the major factors driving businesses being launched and exited, and whether policy adequately supports the business community.
The governments response, which comes 16 months after the Productivity Commissions final report in December 2015, indicates it is open to investigating the implementation of a Directo…
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