Apply for your Director ID Registration

Did you know that existing company directors will now be required to apply for a director identification number (director ID)?

Applications for the director ID are free and will open in November 2021 on the newly established Australian Business Registry Services (ABRS), a single platform administered by the Commissioner of Taxation that brings together ASIC’s 31 business registers and the Australian Business Register. 

The recently introduced DIN (Director Identification Number) requirements apply to appointed Directors and acting Directors of Australian corporations and registered foreign companies under the Corporations Act 2001 (Cth), including companies responsible for managed investment schemes and registered charities. 

The Director ID regime is intended to tackle illegal ‘phoenixing’ activities and increase Director accountability and traceability. DIN’s will be recorded in a new database to be administered and operated by the Australian Tax Office and be made available to the public.

Registrations open for existing Company Directors on 1 November 2021 with a 13 month deadline. All existing Directors will need a Director ID in place by 30 November 2022.

Any new directors from 1 November 2021 will have 28 Days to apply for their Director ID.

After 5 April 2022, a Director ID will need to be held before appointment.

To apply for a Director ID, Directors will need to have a myGovID, it is important to note this is different to a myGov Account. More information on myGovID can be found here.

Get ready to apply by setting up your myGovID if you don’t already have one. You’ll need to verify your identity during the process.

Please reach out to us at Piteo Accounting & Advisory if you need assistance by phoning 08 7228 6111.

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