Wednesday 23 November 2022 05:02 AM Australians with businesses could be fined $13,000 by the Tax Office in a WEEK ... trends now
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More than one million Aussies are facing fines of up $13,000 from the Australian Tax Office as a new law comes into force in a week's time.
The ATO is requiring the heads of companies, small businesses, non-profit organisations, charities, community groups and corporate trustee's to have a director identification number (director ID) by November 30.
Those who fail to apply for a director ID by the deadline could risk a fine of up to $13,200 under a recent change to the Corporations Act.
Australians who head a company, small business or organisation are required to register a director ID by next Wednesday or risk a big fine (stock image)
Around 1.4million Aussies have
