If you are an Australian director – even foreign director – or want to become one, and don’t have your director ID yet, you should apply now.
Director IDs have been introduced to Australia to help prevent the use of false or fraudulent director identities. It is a director’s unique identifier allocated to a director for life.
Full information on ABRS (Australian Business Registry Services) and Director ID:
It is a criminal offence if Australian directors do not apply on time for their Director ID, and penalties may apply.
What are the Director ID offences and penalties?
ASIC is responsible for enforcing director ID offences set out in the Corporations Act 2001.
Offence Legislative Maximum penalties
. Section for individuals
Failure to have a director ID s1272C $13,200 (criminal);
when required to do so $1,100,000 (civil)
Failure to apply for a director ID s1272D $13,200 (criminal);
when directed by the Registrar $1,100,000 (civil)
Full details available on Australian Business Registry Services (ABRS) website on what are are the director ID offences and penalties.
Application Deadlines for Director ID
When you must apply for your Director ID depends on the date your become a director:
Date you become a director Deadline to apply
- On or before 31 Oct 2021 By 30 Nov 2022
- Between 1 Nov 2021 – 4 Apr 2022 Within 28 days of appointment
- From 5 Apr 2022 Before appointment
Full details available on Australian Business Registry Services (ABRS) website on who needs to apply for a Director ID and when.
Read our previous articles for more information on HOW TO APPLY FOR YOUR DIRECTOR ID:
- Already have your Director ID? Apply Now to ABRS!
- How to apply to Director ID from Overseas. Paper application outside Australia
or visit ABRS website for full details.