Why Director ID
Director ID is part of the Government’s program of digital transformation of the Australian Business Register.
What it is
The director ID is a unique 15-digit identifier that will stay with a director for life.
The director ID can be kept the same even if the director moves between roles, businesses or even countries.
It is compulsory for all Australian Directors.
When you need to apply
Clients will need to apply themselves by the following dates.
– Existing directors need to apply by the 30 November 2022.
– Directors appointed between 1 November 2021 and 4 April 2022, need to apply within 28 days of appointment.
– Directors appointed after 5 April 2022, will need to apply before they are appointment.
How to apply
You can apply online, by phone or by paper form.
To apply online, you will need to have your myGovID with a standard or strong identity to login to ABRS (Note: this is different from having a myGov account)
All applications: Documents including your TFN, residential address and at least two documents to verify your identity such as bank account details, ATO notice of assessment, super account details, payment summary etc.
To apply now click here.
What happens after
Once you have your director ID you will need to provide your ID to relevant record-holders.
You will also be able to view, update and manage your details and activities online.
If you have questions or queries about this application, feel free to contact us at any time.
Source: Australian Business Registry Services (ABRS)
About Wilson & Assoc
Wilson & Assoc Chartered Accountants provides taxation and business advisory services to individuals, investors and businesses wherever you are based. We provide specialist services to startups and health care providers.
If we can help in any way, we’d like to hear from you.
Disclcaimer: The information provided within this article is general information only. None of the comments in these notes are intended to be advice, whether legal, financial product or professional. You should obtain specific advice regarding your particular circumstances from a tax or legal professional.
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