Director ID requirements

All company directors must apply for a Director Identification Number (Director ID) by 30 November 2022.

Directors must apply for the director ID themselves and will be required to produce their myGovID alongside two identity documents from a list including their bank account details, super account details, ATO notice of assessment, dividend statement, Centrelink payment summary, and PAYG payment summary.

How to apply ?
Applications for a director ID are free and can be applied for on the Australian Business Registry Services (ABRS)

Why do you need one?
The Director ID program is designed to improve transparency, with the Australian Business Registry Services stating that “shareholders, employees, creditors, consumers, external administrators and regulators are entitled to know the names and certain details of the directors of a company”.

Company directors also face significant criminal and civil penalties if they fail to obtain a director ID, or fail to apply for one when directed to do so by the registrar. The maximum criminal penalty in these cases is $13,200 and the maximum civil penalty is $1.1 million.

Directors also face criminal penalties of up to $26,640 or one year imprisonment, and civil penalties of up to $1.1 million, if they apply for multiple Director IDs or misrepresent their Director ID.

Please contact us for any assistance you require on this application process.

More information is available here.