Director ID deadline is fast approaching

8 Nov Director ID deadline is fast approaching

Posted at Nov 8, 2022 9:21:16 AM in articles by yield advisory

The director ID deadline for directors appointed before 31 October 2021 is coming up on 30 November 2022. All Directors falling into this bracket must apply for their director ID before the deadline date or they may face significant penalties.

What is a Director ID?

The Director ID is a 15-digit director identification number that is unique to each individual director who has verified their identity with the Australian Business Registry Services (ABRS).

An application for a Director ID requires a director to verify their identity. A director need only apply for a Director ID once, even when they hold multiple director positions. The Director ID requirement does not apply to other appointments such as company secretary.

When do you need to apply? 

When you need to apply for your Director ID is determined by when you were first appointed as a director. All existing directors have until 30 November 2022 to apply.

Directors intending to be appointed from now must secure their Director ID before appointment.

If you can’t apply by the date you need to, you can complete an application for an extension of time to apply for a Director ID form.

How often do I need to apply?

Once you are appointed your unique ID number, this number will permanently stay with you, even if you change employers. You will be able to update details online thereafter, but you won’t be required to apply for a new director ID.

How do I apply for a Director ID?

You can apply for your Director ID using your myGovID app to complete the application via the ABRS. Ensure you have the necessary documentation ready to verify your identity during the process. There is no fee in applying for a director ID. Use this link for more information on how to apply.

Deadline for applications

A reminder that the deadline to apply for a Director ID is 30 November 2022. If you are unable to meet your deadline, you can apply for an extension here.