Australian Director Identification

From November 2021, directors will be asked to verify their identity as a part of a new director ID requirement. This is being asked as a part of the Australian Business Registry Services (ABRS), an Australian government initiative that will eventually bring together the current Australian Business Register and over 30 Australian Securities and Investments Commission (ASIC) registers.

What is a director ID? A director identification number (director ID) is a director’s unique identifier, which will be allocated to a director for life. The director ID aims to help prevent the use of fictitious director identities, help regulators trace directors’ relationships with companies over time and better identify director involvement in unlawful activity such as illegal phoenix activity.

Step-by-Step how to apply: https://youtu.be/8ffK7AJ2XBQ

Who needs a director ID

You need a director ID if you’re an eligible officer of:

• a company, registered Australian body, or registered foreign company under the Corporations Act 2001 (Corporations Act)
• an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).

An eligible officer is a person who is appointed as either:

• a director
• an alternate director who is acting in that capacity.

You will only ever need one director ID. You don’t have to apply for another one if you become a director of other companies or corporations. You must apply for your own director ID to verify your identity. No one can apply on your behalf.