The Turnbull government is seeking to crackdown on phoenix companies and as a result, each Australian company director will be assigned a unique identification number to prevent them being able to deliberately scuttle their companies to avoid paying creditors and then reappearing phoenix-like - debt-free.

On September 11, The Sydney Morning Herald reported that the Director's Identity Number will enable directors to be tracked through other government agencies and databases in order to map their relationships to other companies and other people.

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