What is the Director ID? 

As part of the 2020 Budget Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) program.

The MBR program is being implemented by the ATO and will establish the new Australian Business Registry Services (ABRS) and streamline how you register, view and maintain your business information with government

From November 2021, directors will need to verify their identity as part of a new director ID requirement.. A director ID is a unique identifier that a director will apply for once and keep forever. This applies to directors if their organisation is a company, registered foreign company, registered Australian body or Aboriginal and Torres Strait Islander corporation.

You will have some time to prepare for this change, however we recommend that you set up your Director ID sooner rather than later.

Whilst directors must apply for their Director ID themselves,we can assist you with the process. A small fee may apply, depending on the level of support that you require.

Why do you need a Director Identification number?

You will be required to apply for a DIN if you are a director of a:

  • Company
  • Aboriginal and Torres Strait Islander corporation.
  • Corporate trustee, for example, of a self-managed super fund.
  • Charity or not-for-profit organisation that is a company or Aboriginal and Torres Strait Islander corporation.
  • Registered Australian body, for example, an incorporated association that is registered with the Australian Securities and Investments Commission (ASIC) and trades outside the state or territory in which it is incorporated.
  • Foreign company registered with ASIC and carrying on business in Australia regardless of where you live.

Application process:

Step 1: Directors will need to set up a myGovID if they do not already have one.

Please be aware that a myGovID is separate to myGov. If you cannot get a myGovID online, you can apply by phone or through a paper form from November 2021.

Step 2: Directors will need to provide the following information when making their application:

  • tax file number (TFN).
  • residential address as held by the ATO.
  • information from two documents to verify your identity.

Examples of the documents you can use to verify your identity include:

  • bank account details
  • an ATO notice of assessment
  • super account details
  • a dividend statement
  • a Centrelink payment summary
  • PAYG payment summary.

Step 3: Complete your application on the ABRS website which should take less than five minutes.

Due dates:

Following are the due dates for DIN applications for most company directors:

Date you become a director Date you must apply for your DIN
On or before 31 October 2021 By 30 November 2022
Between 1 November 2021
and 4 April 2022
Within 28 days of appointment
From 5 April 2022 Before appointment

Directors under the The Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act)  have additional time to apply for a DIN and must apply for a DIN by the following dates:

Date you become a director Date you must apply for your DIN
On or before 31 October 2022 By 30 November 2023
From 1 November 2022 Before appointment

Directors under the CATSI Act must:

  • Be an individual who is at least 18 years old.
  • Be a member of the Aboriginal and Torres Strait Islander corporation and an Aboriginal and Torres Strait Islander person (unless the corporation’s constitution or rule book says otherwise).
  • Not be disqualified from managing an Aboriginal and Torres Strait Islander corporation, unless the appointment is made with the permission of the Registrar of Aboriginal and Torres Strait Islander Corporations or the Court.

Other points to note:

Company directors will only have one DIN which they will keep forever even if they change companies, stop being a director, change their name or move interstate or overseas. Furthermore, the DIN will confirm your identity and trace your relationships to companies.

Once received, you need to provide your DIN to your organisation. Penalties and criminal charges may apply to directors who fail to apply for a DIN by the required timeframes above.

How can we help?

Whilst directors must apply for their Director ID themselves,we can assist you with the process. A small fee may apply, depending on the level of support that you require.

Contact your client manager at FinCare for further details.