Question
Fleur and Jan are planning to register a flower business as a small proprietary company next month. Jan is already a director in another business
Fleur and Jan are planning to register a flower business as a small proprietary company next month. Jan is already a director in another business (Pool Supplies Pty Ltd) and holds a director identification number and both Fleur and Jan will be a director of the new business. Which one of the following is correct?
a. | Jan can only be a director of one business. If she wishes to be a director of the new flower business she must first resign from Pool Supplies Pty Ltd. | |
b. | Fleur must apply for a director identification number. Jan must use her current director identification number as this number is used across companies to provide transparency and prevent the use of fictitious identities. | |
c. | Director identification numbers are applied for after the business has been running for 12 months. | |
d. | Director identification numbers are only provided after a director is disqualified by ASIC. |
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