Company directors will now need to verify their identity as part of a new director identification number (director ID) requirement. All Australian company directors are now required to verify their identity with the ABRS and obtain a director ID.
A director ID is a unique 15-digit number given to an existing or new director of a company who has verified their identify with the Australian Business Registry Service (ABRS), this will help prevent the use of false or fraudulent director identities with the new registry services of the ABRS. It will make it easier to trace Director's relationships with companies, identify and eliminate their involvement in illegal activities such as illegal phoenix activity.
Directors must apply for their own DIN personally, and existing directors have until 30 November 2022 to complete the process. The quickest and most convenient way to obtain your director ID is to apply online, and you will need a myGovID to complete the process. A myGovID is an application designed to allow users to authenticate with Australian Government websites and services. If you don’t already have one, you can find information on setting this up here.
Newly appointed directors will need to apply for a director ID within 28 days of appointment, and from April 2022 they will need to apply prior to appointment.
There are alternative application processes such as phone or paper applications, however, the electronic process will be much quicker, and you will have access to manage your personal details online if necessary. Further information on applying for your director ID can be found at theAustralian Business Registry Service
Should you have any questions regarding director ID please do not hesitate to contact us.
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