Director Identification Number
The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program. The roll-out will start from November 2021.
The DIN will provide accountability and traceability of a director’s relationships over time, across all companies and will provide information on a director’s involvement in what may be repeated unlawful activity, including illegal phoenix activity.
Key points
- A DIN will be a legal requirement for all new and existing directors to hold.
- A DIN is a unique 15 digit numerical identifier that an existing or intending director will apply for once and keep forever.
- Only one DIN will be issued to each individual, once their identity has been verified.
- The issued DIN will remain the same even if that persons stops being a company director, changes their name or moves overseas.
- This will apply to directors of a company, body corporate or corporation.
- It is not applicable to secretary’s.
- Alternative director’s are also required to apply for a DIN.
- Directors must apply for their direct ID themselves. No one can apply on their behalf, including registered agents and accountants.
How to apply for a DIN
Directors will need to apply online at https://www.abrs.gov.au/director-identification-number/apply-director-identification-number, from November 2021 and will require a MyGovID (an app you download on your smart device, different from MyGov) to complete the application process.
For information on how to setup a MyGovID please go to https://www.mygovid.gov.au/set-up.
When will a director need to apply for a DIN?
Transitional arrangements will allow directors to become familiar with
the new requirement. When you need to have a director ID will depend on when you were appointed as a director.
Corporations Act 2001 (Corporations Act)
| Appointment of directors |
When they need to apply |
| Existing directors appointed on or before 31 October 2021 |
By 30 November 2022 |
| New directors appointed between 1 November 2021 to 4 April 2022 (inclusive) |
Within 28 days of appointment |
| New directors appointed from 5 April 2022 |
Before appointment |
Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act)
| Appointment of directors |
When they need to apply |
| Existing directors appointed on or before 31 October 2022 |
By 30 November 2023 |
| New directors appointed after 1 November 2022 |
Must apply before appointment |
For now there will be no change to how a company is registered, therefore there is currently no requirement for you to include the directors ID number on your company application or company change of details form (484, etc).
For information on the MBR Program click the link below.
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