Director Identification Numbers – applications opened 1 November 2021

On 1 November, applications for Director identification (ID) numbers opened.
As part of its Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) program with the Director ID the first step of the program.
In the coming years ASIC & the ABR will come together to join one digital platform called the ABRS (Australian Business Register Services). The website www.abrs.gov.au is now live. Currently, the Director ID is the only feature on the ABRS website with new features to be slowly rolled out over the coming years.
The aim of the MBR program is to:
The Director ID is a 15 digit number which is issued to individuals who act as company directors. Issued like a TFN, this number is kept forever.
Directors will keep the same number even if changing directorships, changing names or moving etc. This aids in linking all companies to the one individual.
From 1 November 2021 new and existing directors will be able to apply for their director ID. There is a 13 month transitional period which will allow directors to become familiar with the new requirements and make their application.
Penalties may apply to directors who are non-compliant by 30 November 2022.
ASIC agents (e.g. Walsh Accountants) cannot do it on their behalf. The Director ID number is a legal requirement and no responsibility will fall on ASIC agents for non-compliance.
Directors MUST apply themselves.
Submitting an application is an easy two-step process:
Once your application is processed, the ABRS will data match all the companies you are listed as director on and they will be linked to you.
You should receive an email from ABRS asking you to check all the company information that has been linked to you.
If you are a client of Walsh Accountants, you can expect to hear from us in the coming months with instructions on what you are required to do to apply for your Director ID.
However, you don’t have to wait to hear from us! If you are confident to go and apply for your Director ID, we encourage you to do so. If you run into any problems or need further clarification, we are here to help.
You can contact our Client Service Coordinator Alana Reckin on 5592 3644 or alana@walshaccountants.com
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