In an attempt to make it easier for external administrators and regulators to trace directors’ relationships with companies over time, the government now requires every company director to obtain a Director Identification Number or Director ID. This will also prevent fraudulent and unlawful behaviour when a company is wound up e.g. illegal phoenix activities. This will begin in November 2021.
The ID is a unique identifier that is applied for once and is owned by a director forever.
A director will need to apply for his own ID number himself – this cannot be done by someone else on his/her behalf. Application instructions can be found on the Australian Business Registry Services (ABRS) website.
Once the director ID is created, the director will need to share it with his/her company corporation record-holder. This may be the company secretary, another director, contact person, or an authorised agent of the company.
To find out further details about obtaining a director ID, go to the ABRS website.
