What is the Director Identification Number?
Company Directors need to verify their identity as part of a new requirement that aims to prevent fraud and
assist in the tracking of director activity. A 15-digit identifier is created that is kept by the director
forever. They only have one ID regardless of whether they:
- change companies
- stop being a director
- change their name
- move interstate or overseas.
When do I need to apply by?
- Existing directors have until 30 November 2022 to apply.
New 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.
What are the penalties?
It is mandatory
for all directors to have a
Director Identification Number
. Company123 is able to assist you in obtaining this number to ensure regulatory compliance for a
small fee of $89
. Failure to apply for Director
Identification Number within 28 days of Company registration, may result in a penalty
of up to
($1.1 million per director
) and your company may be automatically
deregistered by ASIC