The ATO has implemented new requirements regarding director identification numbers. The following covers the key changes to be aware of.
What is a Director Identification Number (director ID)?
A director ID is a unique identifier that identifies a director of a company.
From 1st November 2021, all directors of a company (or an alternate director who is acting in that capacity) must apply for a director ID online from the Australian Business Registry Services (ABRS) website and will be required to log in using the myGovID app.
When will you need a director ID?
When a director is required to apply for a director ID will depend on the date that they became a director.
CORPORATIONS ACT DIRECTORS
Date you became a director Date you must apply
On or before 31 October 2021 By 30 November 2022
Between 1 November 2021 and 4 April 2022 Within 28 days of appointment
From 5 April 2022 Before appointment
CATSI ACT DIRECTORS
Date you became a director Date you must apply
On or before 31 October 2021 By 30 November 2022
From 5 April 2022 Before appointment
How to apply for a Director ID
The application for a director ID requires a director to verify their identity.
A director must complete the application themselves and cannot instruct an authorised agent such as an accountant or financial advisor to apply for a director ID on their behalf.
Additional information is available at:
You can apply for a director ID in three steps:
Step 1 – Set up myGovID
You will need a standard or strong identity strength myGovID to apply for your director ID online.
Step 2 – Gather your documents
You will need to have some information the ATO knows about you when you apply for your director ID:
your tax file number (TFN)
your residential address as held by the ATO
information from two documents to verify your identity
Examples of the documents you can use to verify your identity include:
bank account details
an ATO notice of assessment
super account details
a dividend statement
a Centrelink payment summary
PAYG payment summary.
Step 3 – Complete your application
Once you have a standard or strong identity strength myGovID, and your documents, from November 2021 you can log in here and apply for your director ID. The application process should take less than 5 minutes.
For more information on how to apply for a director ID visit: https://www.abrs.gov.au/director-identification-number/apply-director-identification-numb
If a director does not meet their director ID obligations:
there may be civil or criminal penalties
they may be issued with an infringement notice.
For more information on who needs to apply and when to apply for a director ID visit: https://www.abrs.gov.au/director-identification-number/who-needs-apply-and-when
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