Hon Dr DAVID CLARK: When searching the Companies Register, it can be difficult to see the complete picture of a company's ownership structure. A unique identifier number or serial number will be assigned to all beneficial owners, directors, and general partners of limited partnerships. It'll mean the Companies Office will be able to confidently link individuals with all the entities they're associated with, and this will be publicly available. Also, the use of a director's residential address has previously been a proxy for an individual identifier, but it has not always worked effectively, especially where someone had multiple addresses. The implementation of the unique identifier system will make linking connected interests much simpler. 