New Director ID Requirement for Directors

From 1st November 2021 Company directors need to verify their identity as part of a new director identification number (Director ID) requirement by ASIC.

A director ID is a unique identifier that a director will apply for once and keep forever. When you must apply depends on when you were appointed as a director.

A director ID is a 15-digit identifier given to a director (or someone who intends to become a director) who has verified their identity with ASIC.

A Director ID is a unique identifier will help prevent the use of false or fraudulent director identities. This may
be considered akin to your TFN, in that you make the application once, and the Director ID number will stay
with you forever. It is free to apply and takes mere minutes to complete

This is required if you’re an existing Director or want to become;
1. A company, a registered Australian body, or a registered foreign company under the Corporations Act 2001
(Corporations Act)
2. An Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and
Torres Strait Islander) Act 2006 (CATSI Act).

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 ASIC 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.

When you must apply depends on when you were appointed as a director:

  • Existing directors have until 30 November 2022 to apply.
  • Directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.
  • From 5 April 2022, intending directors must apply before being appointed.

If you can’t apply by the date you need to, you can complete an application of an extension of time to apply for a director ID If you have issues completing the form from the ASIC website.

If you don’t meet your obligations:

  • there may be civil or criminal penalties
  • you may be issued with an infringement notice.

Yes, your director ID will apply across all companies you are a director of. 

No, you only need to apply for and be issued one Director ID, regardless of the number of companies you are currently or expecting to be director of.

No, your Director ID will not expire

No, you will only ever have one Director ID, you will keep it forever even if you; 

  1. Change Companies
  2. Stop being a Director
  3. Change your name
  4. Move interstate or overseas

Applying for a Director ID is free

Please contact your Xpress Super Client Manager on 1300 787 576 if you have any further questions about this process.

Steps to apply for a Director ID

Online

Applying online is a simple 3 step process.

Step 1:

Set up myGovID (Skip if you already have one)

Step 2:

Gather your documents:

1. Your Tax File Number (TFN)
2. Your residential address as held by the Australian Taxation Office (ATO)
3. Information from two documents to verify your identity.

Examples of the documents your can use include:

a. Bank Account details
b. An ATO notice assessment
c. Super account details
d. A dividend statement
e. A Centrelink payment summary
f. A PAYG payment summary (this is different to your income statement and/or your PAYG instalment activity statement.

Step 3:

Complete your application.

Once you have a myGovID with a standard or strong identity strength, and information to your identity, you can log in and apply for your Director ID. The application process should take less than 5 minutes.

Applying by Phone

(Dial 13 62 50 then choose option 1 for assisting with the Director ID application) Gather your documents: 1. Your Tax File Number (TFN) 2. The information you need to verify your identity. 3. When you have the information you need to apply, contact ABRS.

Applying by Paper

Fill in an application for a director identification number and provide certified copies of your documents to ABRS for identity verification. Do not sent original documents as these will not be returned to you. Keep in mind that this is a slower process.