What is director ID?

It is a unique lifetime identifier for individuals who have been / will be appointed as directors of a company. This ID must be applied by directors themselves (not by an agent), and one person will only ever have one ID even if they:

  • change companies
  • stop being a director
  • change their name
  • move interstate or overseas.

Why director ID?

The government imposes this obligation now to help:

  • prevent the use of false or fraudulent director identities
  • make it easier for external administrators and regulators to trace directors’ relationships with companies over time
  • identify and eliminate director involvement in unlawful activity, such as illegal phoenix activity.

Who must apply for a director ID?

You need a director ID if you’re an eligible director of:

  • company
  • Aboriginal and Torres Strait Islander corporation
  • corporate trustee
  • charity or not-for-profit organisation that is a company or Aboriginal and Torres Strait Islander corporation
  • registered Australian body
  • foreign company registered with ASIC and carrying on business in Australia (regardless of where you live)

When to apply?

It depends on when you become a director:

Date you become a director Date you must apply
On or before 31 October 2021 By 30 November 2022
Between 1 November 2021 and 4 April 2022 Within 28 days of appointment
From 5 April 2022 Before appointment

How to apply?

First of all, the ID must be applied by yourself. No one can apply on your behalf.

Once you’ve gathered relevant verification documents and have your myGovID ready, the Austraian Business Registry Services (ABRS)’s online application is quick and easy: Click here to Apply for your director ID online.

 


Disclaimer:
Please note that this article is intended to be a general guide only, and should not be seen to constitute legal or tax advice. Where necessary, you should seek a second professional opinion for any legal or tax issues raised in your personal or business tax affairs.

Emma Zhao

Emma Zhao

Chartered Accountant | Registered Tax Agent | SMSF Speacialist™ emma@sencilloaccounts.com.au