𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐍𝐮𝐦𝐛𝐞𝐫 (𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐈𝐃)
If you are a company director, you’re now required to obtain a director identification number (director ID). You could just be a director of the trustee company for your self-managed superannuation fund or a director of your corporate trustee for family trust. By definition, you are a director and these new rules apply to you.
This is a unique identifier that you keep forever. You only need to apply once and there is no cost.
If you are a company director appointed before 1 November 2021, you must have your director ID by 30 November 2022. There are significant fines applicable if you don’t have one after this date. See this link to how much - Director ID Fines.
𝐖𝐡𝐚𝐭 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐝𝐨
Unfortunately, you must apply for a director ID yourself. Your accountant or any other professional can not do it for you. It’s linked to your personal identity.
The easiest way to apply for your Director ID is to go to this web page.
▪️ You will need to have a MyGov account, which will enable you to have a myGovID account.
▪️ You will need both to apply for your Director ID.
▪️ Once you have your director ID you can let your accountant or tax agent know and they will keep in on file for you.
There are other non-online ways to apply, see the ARBS website for more information.
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