Director IDs – registration deadline looming
Article published on: 29-09-2022
Do clients who have an SMSF corporate trustee know they have to register for a director ID by no later than 30 November 2022?
Director identification number
As part of the government’s Modernising Business Registers (MBR) program, all company directors are required to have a director ID. If you have clients who are a director of the corporate trustee of a self managed super fund (SMSF) they are required to apply for a director ID by 30 November 2022, if they were appointed on or before 31 October 2021. A director ID is a unique identifier every corporate director will need to apply for once and will keep forever. A director can only have one director ID that they must use for all companies.
Timeframes When a client needs to apply for a director ID depends on when they first became a director. The table below summarises the requirements, depending on when they were appointed director.
When appointed
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Director ID application deadline requirements
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On or before 31/10/2021
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30 November 2022
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1/11/2021 to 4/4/2022
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Within 28 days of appointment
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On or after 5/4/2022
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Before they are appointed
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The requirement also applies to anyone who is not currently a director of a company but was as at 31 October 2021.
How to apply for a director ID
Clients must apply for their director ID themselves. No one can apply on their behalf. To apply for a director ID, clients can visit www.abrs.gov.au and select the ‘Apply for your director ID’ link. It will also step them through setting up a myGovID, which they will need to login to Australian Business Registry Services (ABRS) online. Note that myGovID is different to a client’s myGov account. Clients can also phone the Australian Business Registry Services on 13 62 50.
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