Newsletter; All company directors must apply for Director ID’s before November 30
This applies to all Australian companies including corporate trustees of self-managed superannuation funds.
Each individual director must apply for their own Director ID with a three-step process: https://www.abrs.gov.au/director-identification-number/apply-director-identification-number
Step 1: Setup myGovID: https://www.mygovid.gov.au/
Step 2: Gather your documents: TFN, residential address and two documents to verify your identity (ATO NOA & bank account details recorded with the ATO).
Step 3: Complete your application: https://abrs.gov.au/persons/ui/secure/start/applyForDirectorID?action=applyfordirectorid
Failure to comply with these new Director ID requirements may result in both civil and criminal penalties. The onus to obtain a Director ID is on the director and not the company. At this stage, Director ID’s are not recorded with ASIC or the ATO. Directors ID’s will initially be private unsearchable numbers (public visibility is being considered by Treasury & the ATO).
Companies can still be incorporated without Director ID’s. Companies are expected to be migrated from ASIC to ABRS systems from September 2023 where data matching will link directors to companies (the ABR system will also be migrated to ABRS and retired).
Unfortunately, ASIC cannot provide a list of directors who have not yet obtained a Director ID to ASIC registered agents so we will have to manually ask everyone.
