{"id":11395,"date":"2022-11-16T06:23:10","date_gmt":"2022-11-15T20:23:10","guid":{"rendered":"https:\/\/mukiwa.com.au\/australias-director-id-number-deadline-30-november-2022\/"},"modified":"2022-11-18T08:53:24","modified_gmt":"2022-11-17T22:53:24","slug":"australias-director-id-number-deadline-30-november-2022","status":"publish","type":"post","link":"https:\/\/mukiwa.com.au\/australias-director-id-number-deadline-30-november-2022\/","title":{"rendered":"Australia\u2019s Director ID Number – Deadline 30 November 2022"},"content":{"rendered":"

There\u2019s a very important deadline<\/strong> coming up on 30th November. The ATO is urging those who haven\u2019t yet applied for their director identification number (Director ID)<\/a> to do so ASAP. The consequences for neglecting this task are severe.<\/p>\n

Who counts as a director?<\/h3>\n

Any director of a company, charity, not-for-profit organisation, registered Australian body, or registered foreign company under the Corporations Act 2001 must have a director ID. This includes anyone serving as a temporary director or an alternate director.<\/p>\n

Even those closely involved in your business, such as a spouse, sibling, or parent, may count as a director.<\/p>\n

Directors of Aboriginal and Torres Strait Islander corporations also need to have a director ID. Although, the deadline dates<\/a> are a little different.<\/p>\n

If your small business is operating under a proprietary limited (\u201cPty Ltd\u201d) structure, then you are likely a company director and need a director ID.<\/p>\n

What is a director ID?<\/h3>\n

The director ID is a mandatory 15-digit identification number given to a director who has verified their identity with the ATO. Once you have it, that is tied to you for life, even if you switch organisations. The change to a mandatory and permanent ID number came into effect in November of last year. It\u2019s intended to prevent the use of false or fraudulent director identities.<\/p>\n

With the number in place, it will be much more difficult for directors of failed companies to use fake identities. It will also make it easier for regulators to identify director involvement in illegal activity.<\/p>\n

When do I have to apply?<\/h3>\n

We are currently in a transition period to allow time for an estimated 2.7 million directors to apply for their director ID. When you need to apply depends on when you became a director.<\/p>\n