Action for Directors
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.
The team are here to help you. If you have any questions, please reach out to your accountant.