Important Notice: Director Identification Number Regime

Australian Business Registry Services (ABRS) will be introducing and maintaining the Director Identification Number as of 1 November 2021.

What is a Director Identification Number?

The Director Identification Number (Director ID) is a 15 digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the ABRS. This will make it easier to trace director relationships across companies and help identify and eliminate involvement in illegal activity such as illegal phoenix activity.

 

What you need to do as of 1 November 2021?

Individuals who are currently a director or will be acting as a director in the future must apply for a Director ID based on the transitional arrangements specified in the table below:

 

 

 

How do individuals apply online for a Director ID?

  1. Go to the ABRS website to access the ABRS Director ID service and learn about the Director ID requirements
  2. Verify your identity using your myGovID credentials or create a myGovID using your smartphone and Australian identity documents. For more information visit How to set up myGovID.
  3. Conduct a proof of record ownership by answering two questions about the individual’s ATO record. See below for further information.
  4. Complete a Director ID application on the ABRS platform to receive the Director ID instantly.

Need some Help?

Whilst you will need to apply for your own Director ID, if you need any assistance with the process, please don’t hesitate to contact us.

 

 

Source: class.com.au

 

 

 

 

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About the Author: David McKeller

David McKellar is a Chartered Accountant and Director of Allied Business Accountants, an accounting firm specialising in providing strategic advice and taxation services to business owners, investors and Self Managed Superannuation Funds.

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