In light of the recent solar panel & battery scam by LG Energy Australia, I think this is good to hear, but pretty sad it has taken until 2017 for it.
It should have happened in 1917.
http://www.abc.net.au/news/2017-05-24/labor-proposes-phoenix…
"The Federal Opposition is today announcing new measures aimed at cracking down on dodgy company directors involved in what is known as phoenixing.
Phoenixing involves a company director stripping assets from a business just before it goes broke, not paying workers and creditors but then simply opening another company, with a different name and carrying on trading.
Like the mythical bird, the new company rises from the flames of the old one."
Could've just linked it to their driver's licence.
Doesn't get away with borrowing overseas student's identity to open/shutdown shop (if they have no intentions to stay here after their study that is).