On 1 November 2021, the Director Identification Number (Director ID) regime was introduced by the Australian government.
Under this regime, all directors of Australian companies must have a Director ID, which is a unique 15-digit identifier that directors need to apply for once, and a number they will keep forever – even if you change companies, stop being a director, change your name, or move interstate or overseas.
It has been introduced as part of the federal government’s Modernising Business Registers (MBR) program, which is part of the Digital Business Plan.
The MBR program will bring together the Australian Business Registry Service with over thirty (30) ASIC registers. This will help businesses, communities and government agencies to register, manage and access valuable information.
Director ID applications opened in November 2021, and obtaining a Director ID is a legal requirement.
This process requires each Director to personally apply for their Director ID. You need to verify your identity, meaning your accountant or another advisor cannot complete this on your behalf.
The deadline for applying for your Director ID depends on the date that you become a director. All directors – irrespective of your appointment date – are encouraged to apply for their Director ID number well in advance of the relevant application deadline.
Will you become a director soon? From 5 April 2022, new directors will be required to apply for their Director ID number BEFORE they are appointed.