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ASIC Director ID Number Requirements

Written by Craig Smith, Ashfords' Business Services Partner

From 1 November 2021, directors can apply for the new Director Identification Number (Director ID) introduced by ASIC.

All directors will be required to hold a Director ID to verify their identity as part of new ASIC requirements.

What is a Director ID?

A Director ID is a unique 15 digit number, that confirms a director's identity has been verified with the Australian Business Registry Services.

Directors will only ever have one ID, which they will keep forever.

The Director ID is designed to improve transparency as it will help prevent director identity fraud and identify directors involved in illegal activities.

Who needs a Director ID?

Any individual who is an eligible officer (director) of:

  • A company
  • A registered Australian body
  • A registered foreign company under the Corporations Act 2001 and carrying on business in Australia
  • Corporate Trustee, e.g. of a Self Managed Super Fund
  • Charity or not-for-profit organisation that is a company


How do Directors apply? 

Lodge an application via the Australia Business Registry Services website.

If you haven’t already, we recommend setting up your myGovID app and gathering the relevant documents to verify your identity. 

The documentation required is a tax file number, residential address as held by ATO, and two further documents to verify your identity. These verification documents could be a bank statement, ATO notice of assessment, superannuation account details, Centrelink payment summary or a PAYG payment summary, for example.

When do Directors need to apply?

Applications are open now on the ABRS. Both existing and new directors will need to apply by the following dates:

Corporations Act Directors

Date of Directorship
Application Date

On or before 31 October 2021
(existing & new directors)

By 30 November 2022

Between 1 November 2021 and 4 April 2022 Within 28 days of appointment
From 5 April 2022 Before appointment

 

Corporations (Aboriginal and Torres Strait Islander) Act Directors

Date of Directorship
Application Date
On or before 31 October 2022 By 30 November 2023
From 1 November 2022 Before appointment


If Ashfords manage your corporate affairs, please get in touch with your trusted advisor with proof of your Directors ID Number and the date of issue in pdf form.

Have questions about the Director ID? 

Ashfords' team members are experts and will get back to you as soon as possible with answers.

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