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Aug16
REMINDER! Have you applied already for your Director ID?
By BS Team in Company, Taxation

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:
https://www.abrs.gov.au/director-identification-number

WARNING !!!
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:

or visit ABRS website for full details.