Director ID. Apply to the ABRS.
With the introduction of Director Identification numbers from the 1st of November 2021 there has been some changes to the way directors report to Regulators. All directors will be required under the Corporations Act to apply for a Director's Identification Number.
A director's identification number also known as Director's ID is a unique 15 digit identification number that is required under the Corporations Act to validate the identity a of director with the Australian Business Registry Services (ABRS). A Director's ID number belongs to that individual forever, even if you stop becoming a director, change companies, change your name or move overseas or interstate.
The Director’s ID number is intended to prevent the use of fraudulent or false director identities. It is important the identity of all directors are validated by the ABRS as this strengthens commercial relationships with employees, shareholders, consumers, creditors and regulators.
Any person appointed as a director, or as an alternate director, or any person acting in that capacity. Any person who intends to become a director or other eligible officer within the next 12 months should also apply for a Director’s ID to ensure existing or new companies can appoint that director quickly. You must apply if you are (or planning to become) a director of:
When you must apply depends on when you became a director, or plan to become a director. Below are the key transitional dates required for existing and new directors.
|Act||Date person becomes a director||Must Apply By|
|Corporations Act 2001 (Includes Proprietary Limited and Public Companies)||On or before 31st of October 2021||30th of November 2022|
|Between 1st of November 2021 and 4th of April 2022||Within 28 days of appointment|
|From 5th of April 2022||Before appointment||Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act)||On or before 31st of October 2022||30th of November 2022|
|From the 1st of November 2022||Before appointment|
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