{"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 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 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 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 We recommend that you apply for your director ID as soon as possible to avoid any fines. Those who intend to become a director may apply up to 12 months before their anticipated appointment.<\/p>\n It is designed to increase transparency and fairness. The Australian Business Registry Services states that \u201cshareholders, employees, creditors, consumers, external administrators and regulators are entitled to know the names and certain details of the directors of a company\u201d.<\/p>\n The consequences of acting as a director of a company without a registered director ID are serious. They include penalties over $1 million, jail time, or both. Similar penalties exist for obtaining more than one director ID. Once you have your unique number, it stays with you for life.<\/p>\n Submit your application through the ABRS website<\/a>, or by using the myGovID app. Registration is easy and straightforward for those who already have a myGovID. If you don\u2019t yet have a myGovID, you must get one before applying for your Director ID.<\/p>\n Your application for a director ID must be completed personally and not by an agent as it is linked directly to your myGovID.<\/strong><\/em><\/p>\n While administrative tasks such as this can be a hassle, they are necessary to keep up transparency and fairness. You only have to apply for your director ID once, and you keep it for life. Visit the ABRS application website to get your director ID<\/a> as soon as possible to easily avoid fines or other consequences.<\/p>\n","protected":false},"excerpt":{"rendered":" There\u2019s a very important deadline coming up on 30th November. The ATO is urging those who haven\u2019t yet applied for their director identification number (Director ID) to do so ASAP. The consequences for neglecting this task are severe. Who counts as a director? Any director of a company, charity, not-for-profit organisation, registered Australian body, or … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":11419,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[75,126,1,96],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nWho counts as a director?<\/h3>\n
What is a director ID?<\/h3>\n
When do I have to apply?<\/h3>\n
\n
Why do I have to apply?<\/h3>\n
What happens if I don\u2019t apply?<\/h3>\n
How do I apply?<\/h3>\n
Final thoughts<\/h3>\n