Financial Planners and Investment Advisers
Sydney North Shore  1300 623 936
info@mcinvest.com.au

All directors of a company, registered Australian body, Aboriginal and Torres Strait Islander corporation or a foreign company registered and carrying on business in Australia will need to obtain a Director Identification Number (‘Director ID’).

If you’re a director of a corporate trustee for a self-managed super fund, then this includes you.

For people in director positions before 31 October, the deadline for obtaining your Director ID is 30 November 2022. Even though this is still 12 months away, there’s no time like the present to tick this box!

What is the Director ID?

The Director ID is a unique, 15-digit identifier. Each person can only have one Director ID, even if they are an officeholder for a number of different entities. The Director ID has been introduced to help prevent the use of false or fraudulent director identities.

Who issues the Director ID?

The Director ID service will be delivered by a newly established government body known as the Australian Business Services Registry (ABRS). When fully established the ABRS will bring together the Australian Business Register (ABR) and more than 30 ASIC registers in one place.

The Director ID rollout is the first service to be delivered by the ABRS.

Do I need one?

If you are a director of a corporate trustee for a self-managed super fund, then you will need to obtain a Director ID.

When do I need my Director ID?

If you held you director position on or before 31 October 2021, you must apply for your Director ID by 30 November 2022. This seems like a long way away, but we encourage you to apply for your ID as soon as possible.

If you become a director between 1 November 2021 and 4 April 2022, you must apply for your Director ID within 28 days of your appointment.

From 5 April 2022, all new directors must have their Director ID before their appointment.

What if I am a director for more than one company?

You will only ever have one Director ID. Eventually, your Director ID will be linked to all relevant directorships. If you’ve already applied for a Director ID in a role other than that for your self-managed super, there is nothing more you need to do.

Where do I start?

Directors need to apply for their own ID. It’s free to apply.

The quickest way to apply is online, through the ABRS website at https://www.abrs.gov.au/director-identification-number . The process is clearly laid out, and is relatively user-friendly.

In order to apply for your Director ID online, you will need a myGovID with a ‘standard’ or ‘strong’ identity strength.

More about myGovID

myGovID is different from myGov.

  • myGovID is an app. It lets you prove who you are and log in to a range of government online services, including myGov. You download the myGovID app to your smart device.
  • myGov is an account. Your myGov account lets you link to and access online services provided by the ATO, Centrelink, Medicare and more.

Although it might feel like a nuisance to set up your myGovID, over the longer term, most of us will need one to access various Government services. Maybe now is a good time to get it done!

If you don’t have myGovID, the first thing you need to do is get one. Visit the myGovID website to learn how.

What documents will I need?

You will need to gather some personal information before applying for your Director ID, including your Tax File Number and information from two documents to verify your identity.

The ABRS application webpage provides examples of the sorts of documents you can use to verify your identity. It’s helpful to have these documents on hand before commencing your application.

If you’re already using myGovID, then you can simply proceed with applying for your Director ID.

Must I apply online?

We understand that some people may find the online processes challenging. If you can’t get a myGovID, there are other options.

You can apply by phone, or with a paper form. Either way, you’ll still need to provide the same information to verify your identity.

For the paper form, you will also need to provide certified copies of your identity documents. To have the documents certified, you will need to take them to an authorised certifier, who will sight the original, and stamp, sign and annotate the copy as being true and correct.

The ABRS includes information on who is authorised to certify documents. We have a Justice of the Peace on staff who can certify documents for you.

What should I do with my ID number?

Once you receive your Director ID, you should retain it in a safe place.

We will need to collect your Director ID for our records, so please let us know your number.

You will keep your Director ID forever, even if you change companies, resign altogether from your director role/s, change your name or move overseas.

Will my Director ID be made public?

The ABRS is not authorised to disclose Director IDs to the public without the director’s consent. For now, your Director ID will not be searchable by the public.

According to the ABRS website, the Australian Business Registrar will consult the community about what details can be disclosed and searched in the future.

How can we help?

If you’d like more help understanding the new Director ID requirement, how it applies to you, or how to apply for your number, please call us on 1300 623 936.

Although we are unable to apply for a Director ID on your behalf, we would be more than happy to guide you through the process.

How can we help?
If you'd like to discuss any aspect of your estate plans, please call us on 1300 623 936 to arrange a time to meet and we can discuss your particular requirements in more detail.

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