Directors of companies in Australia will need to obtain unique identification number and would be required to provide identification under a new plan put forward by the Labor Party to combat illegal phoenix activity.

Unveiling its plan, Labour said it will crack down on company directors who partake in the illegal practice of pheonixing, Labor says it will require all new and existing directors to obtain a Director Identification Number with a 100-point identification check. Though not giving much detail, Labor also said it…