Important news on the compulsory director identification number (DIN)
This is important information for anyone who is a director of a company, registered foreign company, registered Australian body or
Aboriginal and Torres Strait Islander corporation.
From 1 November 2021, directors will need to verify their identity as part of a new director ID requirement. To learn more click here.
This applies to all directors if your organisation is a company, registered foreign company, registered Australian body or Aboriginal and Torres Strait Islander corporation.
A director identification number is a unique identifier that a director will apply for once only and keep forever. The new Australian Business Registry Services (ABRS) is responsible for the implementation and administration of director IDs. ASIC will be responsible for the enforcement of associated offences.
Your Forsyths team are UNABLE to do this for you. Directors must apply for their director ID themselves because they will need to verify their identity. No one can apply on their behalf.
HOW DO I APPLY?
The easiest way to apply for the director ID is through your myGovID. If you do not have one, instructions to set one up and then apply can be found here.
If you are unable to set up a myGovID and need to apply by phone or by paper, instructions can also be found here. When you receive your director ID, you need to pass it onto your company record holder this includes Forsyths where we act as your registered company agent. This is your responsibility as a director.
TIMELINE FOR ACTION
- If you are currently a director of a company you have until 30th November 2022, we recommend you do it immediately so that you don't forget
- If you become a company director between 01/11/21 and 04/04/21 you will have 28 days
- If you become a company director from 05/04/22 you will need the director ID before becoming a director.
Whilst we cannot apply for a director ID on your behalf, if we can assist you in any way, please call your local Forsyths office to discuss.