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DO YOU NEED A DIRECTOR IDENTIFICATION NUMBER?

Under new legislation if you are a company director you are required to obtain a Director Identification Number (Director ID).  A Director ID is a unique identifier that is kept forever by a Director.  It also helps prevent the use of false or fraudulent director identities.

See below for timeframes Director IDs need to be applied by:

Date you first become 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

Penalties may apply if Director IDs are not obtained within the above timeframes.  All existing Directors must have obtained a Director ID by 30 November 2022.

To find out more click on the link below:

https://www.abrs.gov.au/director-identification-number

Please contact our office if you require any assistance with your application.

 

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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