Director Identification Number
Director identification number (director ID) is a new requirement for all company directors, designed to help combat illegal (phoenix) activity by making it easier to trace directors’ relationships with companies.
Directors can apply for their director ID from November 2021 on the new Australian Business Registry Services (ABRS) (Link).
There is no need to do anything until November.
Deadline to apply the Director ID
| Date you become a director | Date you must 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 April 2022 | Before appointment |
Under the law, directors who fail to apply for a director ID within the stipulated time frame can face criminal or civil penalties of 5,000 penalty units, which currently stands at $1.11 million! Directors of a CATSI organisation can face penalties of up to $200,000!
