Company directors – new ASIC identification requirements
ASIC have introduced a new director identification number requirement for all company directors. The government hope that
introducing a director ID will help prevent instances of fraud.
All company directors need to apply for a director ID. Once you receive your director ID, you will have that particular number forever. Much
like a Tax File Number, make sure you safeguard the director ID number for privacy purposes.
It’s free to submit the application. In fact, it could become expensive if you fail to apply on time, as it’s a criminal offence.
Existing company directors had until 30 November 2022 to apply. If you haven't applied yet, you should do so immediately.
If you’re about to become a director of a company for the first time, you need to apply before being appointed as a director.
To apply for a director ID, go to https://www.abrs.gov.au/director-identification-number
Directors are required to apply for their own ID number, but if you need assistance, please don’t hesitate to contact us.