Based on the recent ATO announcement, the Australian Business Registry Services (ABRS) has introduced the Director Identification Number.
What is a Director Identification Number?
The Director Identification Number (Director ID) is a 15 digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the ABRS. This will make it easier to trace director relationships across companies and help identify and eliminate involvement in illegal activity such as illegal phoenix activity.
What you need to do as of 1 November 2021?
Individuals who are currently a director or will be acting as a director in the future must apply for a Director ID based on the transitional arrangements specified in the table below:
The new Australian Business Registry Services (ABRS) is responsible for administering the director ID initiative. Visit the ABRS website for more information about director ID.
ASIC is responsible for enforcing director ID offences set out in the Corporations Act 2001. It is a criminal offence if you do not apply on time
How do individuals apply online for a Director ID?
- Go to the ABRS website to access the ABRS Director ID service and learn about the Director ID requirements
- Verify your identity using your myGovID credentials or create a myGovID using your smartphone and Australian identity documents. For more information visit How to set up myGovID.
- Conduct a proof of record ownership by answering two questions about the individual’s ATO record.
- Complete a Director ID application on the ABRS platform to receive the Director ID instantly.