Company Director ID: New ASIC requirement of all Directors
ASIC has introduced a new requirement for all company directors as a way of preventing the use of false or fraudulent identities.
Every director of a company needs to verify their identity by applying for a ‘Director ID’.
Similar to a tax file number, you apply once and keep the ID forever.
When you must apply depends on when you were appointed as a director:
• Existing directors have until 30 November 2022 to apply.
• Directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.
• From 5 April 2022, intending directors must apply before being appointed.
The new Australian Business Registry Services (ABRS) is responsible for administering the director ID initiative.
Please click here for instructions on how to apply for your Director ID.
If you have any questions or would like some guidance please feel free to contact our office on 03 9682 7011.