The last two years have certainly put pressure on small businesses. The various lockdowns and more recently the seven-day isolation rule (good news that this has lifted in NSW) have made running your business far from normal. Government handouts have been now a thing of the past and if your business was relying on them, this may have created a false sense of security which is now showing signs that your business may not be sustainable. The worst thing you can do as a business

Directors are now required to verify their identity and apply for a Director Identification Number (director ID) in an effort to deal with illegal phoenix activities and improve the traceability of company directors over time. This new measure is also intended to cut down on the use of false or fraudulent director identities by assigning a unique ID to directors that lasts forever. Existing Directors have been able to apply for the Director ID since November last year. We hav