Director Identification Number Registration

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Director Identification Number

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.
**Please note alternative process is to apply via http://abrs.gov.au.
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