Director ID Deadline is Looming

New and current company directors must apply for a director identification number (DIN), or Director ID, as it is also known.

The rule was put in place to discourage unlawful phoenix activity, fraud, and corporate malfeasance and make it easier to follow directors and their business histories. Failure to apply for a DIN on time may result in civil or criminal sanctions.

Directors who obtain their DIN are obligated to provide it to the record-holder in their respective organisations as soon as possible.

Given the number of people required to obtain a DIN, we put together the below guide to navigating it.

What is a director identification number (DIN)?

The Australian Business Registry Services issues a DIN consisting of 15 digits and is a one-of-a-kind identity (ABRS). It never leaves the director’s possession again. 

Verification of a director’s identification is necessary before they may submit an application for a DIN. However, even if they hold numerous director roles, a director only has to submit their application for a DIN once. Other positions, such as company secretary, are exempt from the identification requirement placed on directors.

When you need to apply for your DIN is governed by when you were appointed as a director for the first time. All directors who were appointed on or before 31 October 2021 have until November 30, 2022, to apply. 

Directors who aspire to be appointed as of today must get their DIN before being appointed. 

If you are unable to apply by the deadline, you may submit an application for an extension.

Due date for obtaining a DIN

When you were appointed as a director is the most important factor in determining your deadline for acquiring a DIN.

Date of becoming a directorDue date to apply for director ID
On or before October 31 2021By November 30 2022
Between November 1, 2021, and April 4 2022Within 28 days of the appointment
From April 5 2022Before appointment 

The application process for local directors

  1. Create a myGovID with a moderate or high identification strength.
  1. Access the ABRS website to submit an application.
  1. Provide the following personal information with your application:
  • Tax file number (TFN)
  • The residential address corresponding to ATO documents
  • Information from two of the following identity-verification documents:
  • The BSB and account number of a bank account that has earned interest or received a tax refund in the preceding two years
  • Details of a superannuation account (member account number and superfund’s ABN) to which contributions have been made during the preceding 12 months
  • A notice of assessment (issue date and reference number) issued by the ATO during the preceding five years
  • PAYG payment summary or Income Statement (gross income) issued throughout the last two years
  • A Centrelink payment summary (taxable income) given during the previous two years
  • A dividend declaration (investment reference number) issued during the preceding two years

The application process for foreign directors

It is quite unlikely that directors from other countries will be able to provide the aforementioned. So they’ll be required to submit their application using a paper form instead. 

They will be required to provide two papers, at least one of which must be a primary document.

PrimaryPassport
PrimaryBirth certificate
SecondaryNational ID card
SecondaryDriver’s license
SecondaryMarriage certificate 

If the following documents are in another language other than English, they will need to be translated by an authorised translation agency approved by the Australian embassy.

If they are not originals, they will have to be certified by a notary public or local Australian embassy.

Aboriginal and Torres Strait Islander corporations

Corporations considered to be of Aboriginal or Torres Strait Islander descent are subject to a unique set of regulations. If you need help with this matter, please get in touch with a member of our staff directly.

Failure to register

We understand that, as of the date of this information sheet, directors who fail to comply with this new registration face maximum fines of $13,320 (criminal) and $1,050,000 (civil).

Guidance

Due to the fact that this is a check of your personal identification, we are normally unable to communicate with the ABRS on your behalf. 

On the other hand, we can aid Local Directors by supplying them with information that we have access to; we can also assist Foreign Directors by evaluating papers before they incur expenditures for certification or translation and mailing out.

If you have any queries regarding the above information, please do not hesitate to contact an Accru specialist today.

About the Author
Accru Melbourne , Melbourne
Accru Melbourne, part of the Accru group, is an award winning financial services organisation. Our highly personalised approach and dynamic advice makes us standout in the fast paced, ever-changing business world.
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