How To Apply For a Director ID

As of the 1st November 2021, the Australian Business Registry Services (ABRS) will be introducing and maintaining the Director Identification Number. This means that individuals who are currently a director of a company or will be acting as a director in the future must apply for a Director ID. If this is you, please read on to learn more.

WHAT IS A DIRECTOR ID?

The Director Identification Number (Director ID) is a 15 digit unique identifier that allows directors to be identified on public registers by their DIN rather than by way of personal information such as full name, DOB and address. The DIN will also be used to trace relationships to companies.  The DIN will allow regulators to identify and track illegal phoenixing activity and to track directors of failed companies who use fictitious identities.

WHAT DO YOU NEED TO DO?

Individuals who are currently a director or will be acting as a director in the future must apply for a Director ID as of 1 November 2021. Once issued, you will keep that number forever.

WHEN MUST YOU DO IT BY?

Please refer to the below tables. 

CORPORATIONS ACT DIRECTORS:

CATSI ACT DIRECTORS (CORPORATIONS (ABORIGINAL AND TORRE STRAIT ISLANDER) ACT 2006):

HOW DO YOU APPLY FOR A DIRECTOR ID?

1. Go to the ABRS website to access the ABRS Director ID service and learn more about the Director ID requirements

2. 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.

3. Conduct a proof of record ownership by answering two questions about the individual's ATO record. See below for further information.

4. Complete a Director ID application on the ABRS platform to receive the Director ID instantly.

TIP:  The information you should have handy is:

• Individual Tax File Number (optional)

• Residential address (as recorded with the ATO)

• Answers to 2 questions, where details are known by the ATO, such as:

  • Bank account details

  • Super account details

  • A dividend statement

  • PAYG payment summary

  • An ATO notice of assessment

  • A Centrelink payment summary.

WHAT NEXT?

If you’re a current client of Iron Advisory, we ask that you please provide us with your Director Identification Number once issued so we can update our files. Please send it through to support@ironadvisory.com.au

If you have any questions please reach out.