This guide is prepared by TFW See & Lee
IMPORTANT
We as your tax agent/accountant CANNOT apply for a Director ID on your behalf as we have an existing business relationship with you. We provide you with this general information guide to assist with your application.
Are you a:
- Company director?
- Director of a corporate trustee? eg. for an SMSF
- Director of a charity or not-for-profit organisation that is a Company?
ACTION STEPS
1. Apply for your Director ID now
2. The recommended way is by applying online through myGovID (different to myGov)
3. For paper applications, you will need to provide certified (not original) documents according to ABRS certification requirements. Otherwise, there could be delays with processing.
WHAT IS A DIRECTOR ID?
A director ID is a 15-digit identifier given to a director (or someone who intends to become a director) who has verified their identity with us. All directors are required by law to verify their identity with us before receiving a director ID. This is important because it will help to:
- Prevent the use of false or fraudulent director identities
- Trace directors’ relationships with companies over time by regulators and external administrators
- Identify and eliminate director involvement in unlawful activity, such as illegal phoenix activity, when a company is liquidated, wound up or abandoned to avoid paying eg. employee wages, creditors, suppliers, sub-contractors.
TIMING
| Date you first become a director | Date you must apply |
|---|---|
| On or before 31 October 2021 | By 30 November 2022 |
| 1 November 2021 – 4 April 2022 | Within 28 days of appointment |
| From 5 April 2022 | Before appointment |
OTHER LANGUAGE VERSIONS OF GUIDES
Traditional Chinese
Simplified Chinese
Source: ABRS
DISCLAIMER
The enclosed is prepared as general information only. The contents of this tax update does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.