Directors are now required to register for a unique identification number that they will keep for life. We walk you through the steps to set up your Director ID.
A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas.
The introduction of the Director Identification Number (DIN) is part of the Government's Modernisation of Business Registers (MBR) Program creating greater transparency, and preventing the potential for fraud and phoenix company activity.
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID. This includes directors of a corporate trustee of self-managed super funds (SMSF).
For Corporation Act directors who became a director on or before 31 October 2021, the deadline was 30 November 2022. For those appointed between 1 November 2021 and 4 April 2022, within 28 days of appointment. From 5 April 2022, before appointment.
If you are an Australian resident director, you will need to download the myGovID app, verify your identity, then apply through the Australian Business Registry Services (ABRS) at abrs.gov.au.
You will need your tax file number, residential address held by the ATO, and two identity documents such as bank account details, a notice of assessment, or superannuation details.
Being a director is not just a title; it is a responsibility. Directors are responsible for ensuring the company does not trade while insolvent and may be held personally liable for PAYG withholding, net GST, and superannuation guarantee charge liabilities. Failing to perform your duties as a director is a criminal offence with fines of up to $200,000 and five years in prison.
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