The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program. The roll-out will start from November 2021.
- A DIN will be a legal requirement for all new and existing directors to hold.
- A DIN is a unique 15 digit numerical identifier that an existing or intending director will apply for once and keep forever.
- Only one DIN will be issued to each individual, once their identity has been verified.
- The issued DIN will remain the same even if that persons stops being a company director, changes their name or moves overseas.
- This will apply to directors of a company, body corporate or corporation.
- It is not applicable to secretary’s.
- Alternative director’s are also required to apply for a DIN.
- Directors must apply for their direct ID themselves. No one can apply on their behalf, including registered agents and accountants.
How to apply for a DIN
Directors will need to apply online at https://www.abrs.gov.au/director-identification-number/apply-director-identification-number, from November 2021 and will require a MyGovID (an app you download on your smart device, different from MyGov) to complete the application process.
For information on how to setup a MyGovID please go to https://www.mygovid.gov.au/set-up
When will a director need to apply for a DIN?
Transitional arrangements will allow directors to become familiar with the new requirement. When you must apply for your director ID depends on the date you become a director.
Corporations Act directors
|Date you become a director||Date you must apply|
|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|
For further information on who needs to apply and when please click here.
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