As of 1 November 2021, directors are required by law to get themselves a Director Identification Number (Director ID).

If you're currently a director or are planning to become one, here's everything you need to know - including how to apply.

What is a Director ID?

A Director ID is a 15-digit identifier number given to a director - or someone who intends to become one. To get one, your identification must be verified

Why did they introduce Director IDs?

Director IDs were introduced via the government's Australian Business Register Service (ABRS) for the following reasons:

  • To prevent the use of false or fraudulent director identities
  • To make it easier for external administrators and regulators to trace director relationships with companies over time
  • To identify and eliminate director involvement in unlawful activity, including illegal phoenix activity.

Illegal phoenix activity can result in:

  • Employees missing out on wages, super and entitlements
  • Suppliers/subcontractors being left unpaid
  • Other businesses being put at a competitive disadvantage
  • The community missing out on revenue.

Find out more about how you can avoid illegal phoenix activity.

Who needs a Director ID?

You need a Director ID if you’re a director, including an alternate director, of one of the following:

Is-Your-Business-In-Financial-Distress

When do you need to apply for a Director ID?

Now the requirement for a Director ID is in place, you can apply for one straight away. You can also apply for a Director ID before you’re appointed.

When you need to apply depends on the date you become a director as follows:

Registered under the Corporations Act

Date you become a director Date you need to apply
On or before 31 Oct 2021 By 30 Nov 2022
Between 1 Nov 2021 and 4 Apr 2022 Within 28 days of appointment
From 5 Apr 2022 Before appointment

Registered under the CATSI Act

Date you become a director Date you need to apply
On or before 31 Oct 2022 By 30 Nov 2023
Between 1 Nov 2022 Before appointment

How do you apply for a Director ID?

  1. Go to the ABRS website to access the ABRS Director ID services and learn about the Director ID requirements
  2. Verify your identity using your myGovID credentials or create a myGovID using your smartphone and Australian identity documents. For more information, visit How to set up myGovID
  3. Conduct a proof of record ownership by answering two questions about your ATO record
  4. Complete a Director ID application on the ABRS platform to receive your Director ID instantly.

Information to have handy when you apply:

  • Individual Tax File Number (TFN)
  • Residential address
  • Bank account and super account details
  • A dividend statement
  • PAYG payment summary
  • ATO notice of assessment
  • Centrelink payment summary

What do I do with my Director ID?

Hand it to your company’s record holder (usually your company secretary), another director or your authorised agent, if you have one. It’s essential you keep the information up to date.

What happens if you don't apply?

If you fail to apply for a Director ID by the given deadline, you could face criminal and civil penalties. The maximum civil penalties directors can face is 5,000 penalty units – currently standing at $1.11 million. Directors of Aboriginal and Torres Strait Islander corporations can face penalties of up to $200,000.

Director IDs are quick and easy to apply for and can benefit everyone. If you’re a director and you haven’t already applied, there’s no time to waste.

If you’re a director and your company is experiencing financial distress, get in touch with our team of specialists today on 1800 560 557 for support and advice.

Topics: Finance, Director ID, Business

How Can We Assist You Today?

Business Debt Icon Business
Personal Debt Icon Personal
Please select an assistance option to continue.

Types Of Unsecured Debts

Credit Card Icon Credit/Store Cards
Personal Loan Icon Personal Loan
Pay Day Loan Icon Pay Day Loan
Tax Debt Icon Tax Debt
Disconnected Utilities Icon Utility Bill
Other Debts Icon Other
Please select at least one type of unsecured debt.

Your Business Structure

Sole Trader Icon Sole Trader
Partnership Icon Partnership
Company Icon Pty Ltd Company
Tax Debt Icon Trust
Please select at business structure to continue.

Unsecured Debt Amount

$8,000
$1,000
$100,000+

Business Debt Amount

$100,000
$10,000
$1,000,000+

Take Back Control Today!

First Name

Last Name

Email

Phone Number

Phone number must be 10-digits long and begin with a 0. (e.g. 04 1234 5678)

Post Code

Post code must be 4-digits long (e.g. 4567)

Some of your details appear incorrect.
Please update the highlighted fields and re-submit.

Congratulations

You’ve taken the first step to steer your business back to viability

Let’s keep the momentum going, take the second step by linking your Xero account now.

Congratulations

You've taken the first step to becoming debt free

Let's keep the momentum going, take the second step now and complete the assessment form.

By submitting this form you acknowledge that you have read and accept our Privacy Policy