New laws mean company directors need to get a unique director ID number from ABRS using your myGovID credentials. New directors must get your ID before accepting an appointment.
What is a Director Identification Number?
During 2021, the government initiated a new system that attaches a unique identifying number to an individual who is a company director. A director has one number permanently attached to them, and this is used for identification purposes for any or all companies they are a director of.
From 5 April 2022, director ID numbers are mandatory for all new company directors.
The new Australian Business Registry Services (ABRS) administers the director ID register. The ABRS will gradually integrate all government business registers into one easily accessible register with greater security.
The director ID numbers promote integrity and better transparency of appointed directors. The system is designed to flush out fake director identities used in illegal activities, which results in increased privacy protections for legitimate directors.
What do You Need to do?
The easiest and fastest way to apply is online via ABRS.
Set up your myGovID if you haven’t already. Get your identification documents together and apply by your due date. This is also a great time to update your ABN details and ASIC details. Talk to us if you’d like to know more about director ID numbers and company director obligations.