Apply for a Director ID before 30 November 2022
If you are an existing director of a company or director of a corporate trustee (SMSF), you will need to apply for director ID by 30 November 2022.
Who needs a director ID?
You need a director ID if you’re an eligible officer of:
a company, registered Australian body, or registered foreign company under the Corporations Act 2001 (Corporations Act)
an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
An eligible officer is a person who is appointed as either:
including a director of a corporate trustee i.e., an SMSF
an alternate director who is acting in that capacity.
You will only ever need one director ID. You don’t have to apply for another one if you become a director of other companies or corporations.
You must apply for your own director ID to verify your identity. No one can apply on your behalf.
Why you need a director ID
Shareholders, employees, creditors, consumers, external administrators and regulators are entitled to know the names and certain details of the directors of a company.
All directors are required by law to verify their identity with myGovID before receiving a director ID. This is important because it will help to:
prevent the use of false or fraudulent director identities
make it easier for external administrators and regulators to trace directors’ relationships with companies over time
identify and eliminate director involvement in unlawful activity, such as illegal phoenix activity.
How to apply & more information
Before you apply for a director ID online, you need a myGovID. You’ll use your myGovID to log in to Australian Business Registry Services online to apply for your director ID online.
It is important to note that myGovID is different to myGov.
For more information on how to create a myGovID and how to apply for a director ID, visit the Australian Business Registry Services website.
If you have any questions regarding the above, you should contact your accountant.