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Have you registered for your Director ID Number yet?

Direc­tor IDs have been intro­duced to ver­i­fy the iden­ti­ty of direc­tors and help pre­vent the use of fraud­u­lent direc­tor iden­ti­ties. Apply­ing for a Direc­tor ID is free, and you’ll need one if you’re already a direc­tor or intend to become a direc­tor of a com­pa­ny or oth­er body cor­po­rate reg­is­tered under the Cor­po­ra­tions Act.

Don’t delay in get­ting your Direc­tor ID because dead­lines apply!

 

What is a Director ID?

A Direc­tor Iden­ti­fi­ca­tion Num­ber, or ‘Direc­tor ID’ for short, is a unique iden­ti­fi­er that you’ll apply for once and keep for­ev­er, even if you change com­pa­nies, stop being a direc­tor, change your name, or move inter­state or over­seas. Direc­tor IDs are the first ser­vice to be deliv­ered by the recent­ly-estab­lished Aus­tralian Busi­ness Reg­istry Ser­vices (ABRS), as part of the government’s Mod­ernising Busi­ness Reg­is­ters pro­gram.

 

Who must apply?

The fol­low­ing peo­ple must apply for a Direc­tor ID:

  • Direc­tors of com­pa­nies
  • Direc­tors of bod­ies cor­po­rate that are reg­is­tered Aus­tralian bod­ies or reg­is­tered for­eign com­pa­nies
  • Alter­nate direc­tors that are act­ing as direc­tors

 

How can I apply? 

Just like apply­ing for a tax file num­ber, only you can apply for your own Direc­tor ID, so that you can ver­i­fy your iden­ti­ty with the ABRS. No one else can apply for you.

Online

You can apply online now by com­plet­ing these three sim­ple steps.

 Step 1: Vis­it the ABRS web­site, click the ‘Apply now with myGovID’ but­ton and log in. MyGovID is an app you down­load that lets you prove who you are when using gov­ern­ment online ser­vices. MyGovID is not the same thing as your myGov account. If you don’t have a myGovID, you’ll need to set one up to a stan­dard or strong iden­ti­ty strength. To set up your myGovID, vis­it the myGovID web­site.

Step 2: You’ll need to answer some ques­tions that will ver­i­fy your iden­ti­ty and link it to your Aus­tralian Tax Office record. The fastest way to com­plete this step is to pro­vide your tax file num­ber and res­i­den­tial address, as held in ATO records.

Step 3: You need to com­plete a Direc­tor ID appli­ca­tion form which should take you less than five min­utes. Once you’ve com­plet­ed it and clicked sub­mit, you’ll instant­ly receive your Direc­tor ID on screen.

If you can’t apply for your Direc­tor ID online, there are non-dig­i­tal options you can use.

 

By phone

You can apply by phon­ing 13 62 50.

You’ll need:

  • an indi­vid­ual Aus­tralian tax file num­ber (this is option­al, but it speeds up the process)
  • your res­i­den­tial address as held by the ATO
  • answers to two ques­tions based on details the ATO knows about you
  • two Aus­tralian iden­ti­ty doc­u­ments: one pri­ma­ry and one sec­ondary

By paper

If you can’t apply online or over the phone, you can apply using a down­load­able form. This is a slow­er process and you will also need to pro­vide cer­ti­fied copies of your doc­u­ments to ver­i­fy your iden­ti­ty. If you have issues com­plet­ing the form, you can find help on the ABRS Acces­si­bil­i­ty page.

 

 

When should I apply?

Your dead­line for apply­ing for Direc­tor ID depends on when you were appoint­ed as a direc­tor:

Appoint­ed as direc­tor Dead­line
On or before 31 Octo­ber 2021 30 Novem­ber 2022
Between 1 Novem­ber 2021 and 4 April 2022 With­in 28 days of appoint­ment
From 5 April 2022 Before appoint­ment as direc­tor


The key is to apply!

Even if you haven’t received your Direc­tor ID, as long as you’ve applied for it by the dead­line, then you will not be in breach of your Direc­tor ID oblig­a­tions.

If you can’t apply in time for some rea­son, you can com­plete an appli­ca­tion for an exten­sion.

 

What if I don’t apply when required?

It is a crim­i­nal offence if you do not apply on time and can be penalised under the Cor­po­ra­tions Act, even if you didn’t know about this require­ment. ASIC is respon­si­ble for enforc­ing Direc­tor ID offences.

It is your respon­si­bil­i­ty to apply for a Direc­tor ID on time. Oth­er­wise, you may:

  • Risk dis­qual­i­fi­ca­tion as a direc­tor
  • Face a max­i­mum penal­ty of $1,100,000

The only excep­tion for lia­bil­i­ty is that you did not know you became a direc­tor of a com­pa­ny.

 

What do I do once I have my Director ID?

Once you have received your Direc­tor ID you should advise:

  • Your com­pa­ny sec­re­tary,
  • Your fel­low com­pa­ny direc­tors, and
  • Your accountant/s

 

Preparing for future changes

The ASIC com­pa­ny reg­is­ters are expect­ed to be trans­ferred to the ABRS in Sep­tem­ber 2023. This is when your Direc­tor ID will need to be linked to the com­pa­nies you direct.

We’ll keep you up to date with changes but for now, you should con­tin­ue to use the ASIC reg­is­ters.

 

 

For Further Information Please Contact

Sarah Mehlert

Position: Lawyer

Direct Phone: (02) 6583 0438

Email: smehlert@dohlaw.com.au

Looking for further advice?

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