What’s new

14 March 2022

New Requirements for Directors - Director ID

Director Identification Numbers 

The Federal government has introduced new director identification requirements for all directors of current and future companies. 

A director ID number is a unique 15 digit identifier that a director must hold in order to act as a director of a company. A director must verify their identity in order to receive a Director ID. 

The aim of this new requirement is to help prevent the use of false or fraudulent director identities.

Directors will only ever need one Director ID, even if you change companies or are the director of more than one company. You only need to apply once, and then the ID is yours forever. Registration will be effected through the Australian Business Registry Services (ABRS). 

A Director ID is not necessary if you are operating a business as a sole trader or partnership. 

These changes are being rolled out in three stages:
 
  • as of 1 November 2021, new directors of companies have been given 28 days from their appointment date to apply for their Director ID
  • from 5 April 2022, new directors will need to apply for their Director ID before registering a new company or before being appointed as a director of an existing company
  • all existing directors appointed prior to 1 November 2021 will need to apply for their Director ID by 30 November 2022
Part of the process to obtain a Director ID is to set yourself up with myGovID. Please note, a myGovID is different from myGov - myGov is an account that allows you to link to and access online services provided by the ATO, Centrelink, Medicare, etc; while myGovID is an app that lets you prove who you are and allows you to log in to a range of government online services. 
 
To set up a myGovID, you will need to gather some details in order to verify your identity:

  • your tax file number (TFN)
  • your residential address as known by the ATO
  • information from two documents
Examples of the documents you can use include:
 
  • bank account details
  • an ATO notice of assessment
  • super account details
  • a dividend statement
  • a Centrelink payment summary
  • a PAYG payment summary

Accountants and tax agents are not able to apply for a Director ID on someone else's behalf, so directors will need to apply for a Director ID personally. However, if you have any questions regarding your Director ID requirements or need any assistance gathering details needed to set up myGovID, please get in touch with our office. 

We will be contacting all clients who are current directors of companies, with further instructions on next steps. 
 
 
Liability limited by a scheme approved under Professional Standards Legislation. Liability is limited in those States where a current scheme applies.  
 
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