Further to our updates regarding the Director Identification Numbers, current Australian directors will now have one year to apply for their unique director identification number. Non-compliance can see $1.1 million in fines.
The Australian Tax Office has just launched its Australian Business Registry Services website, enabling directors to now apply for their ID when applications open next month
If you are planning on becoming a director, you can apply before you’re appointed.
When you must apply for your director ID depends on the date you become a director. Please see the below table to assist with application timeframes.
|Date you 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|
How to apply for your director ID
If you need further information please visit here
For more information on the Corporations Act, visit the ASIC website