Corporations Act Directors
To all current Company Directors there is a new requirement that you need to meet – that is to apply for your unique Director identification.
Company Directors need to verify their identity as part of a new Director identification requirement.
All Directors of a Company, registered Australian body, registered foreign Company or Aboriginal and Torres Strait Islander Corporation will need a Director ID.
When you apply, it depends on when you were appointed as a Director;
• Existing Directors have until 30 November 2022 to apply
• 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.

 

A Director ID is a unique identifier that a Director will apply for once and keep forever, that will help prevent the use of false or fraudulent Director identities.

• For more information visit the Australian Business Register Services (ABRS) website.
• Have questions? Contact Blackburn Accounting.