Company Registration Frequently Asked Questions
a question in Company Registration
There are consequences under the new legislation for not applying when directed to do so or failing to apply within the timeframe. Penalties include infringement notices that may lead to potential civil and or criminal charges.
New director ID offences under the Corporations Act 2001.
Offence Maximum penalties for individuals
Failure to have a director ID when required to do so $13,200 (criminal); $1,100,000 (civil)
Failure to apply for a director ID when directed by the Registrar $13,200 (criminal); $1,100,000 (civil)
Applying for multiple director IDs $26,640, 1 year imprisonment,$1,100,000 (civil)
Misrepresenting director ID $26,640, 1 year imprisonment. $1,100,000 (civil)
The summary displayed on this page is for information purposes only. Summary should be considered general in nature, and should not be a substitute for professional legal advice. You must always seek your own independent legal, financial and accounting advice about your unique situation.