• trustworthy
  • expert
  • professional

Mandatory Director ID number

Director ID number BLOG

The Australian Government is rolling out a new requirement for ALL directors – this could impact you.

From 1 November 2021 all directors will be required to apply for a Unique Identity Number (UIN). The purpose of the director ID is part of a wider initiative to curb illegal activity.

 

What is a director ID number?

Basically, it’s a unique 15-digit identifier you will apply for once and keep forever. This means the number will be unique to you whether you change companies, stop being a director, change your name or move overseas or interstate.

The applications process will be managed by the Australian Business Registry Service (ARBS).

 

Who needs to apply?

If you are an eligible officer of any of the following, you will need a director ID:

  • a company, a registered Australian body or a 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).

 

When to apply

Directors must apply for the ID themselves because the process involves verifying your identity. It’s free however another person cannot apply on your behalf.

Directors can apply from 1 November 2021.

Those planning to become a director can apply before appointment.

 

How to apply for a director ID number?

The fastest way to obtain your director ID is to apply online.

The first step is to set up a myGovID account https://www.mygovid.gov.au/set-up.

You can find out about applying in other ways here.

 

Your director ID and CVW Accounting

If CVW Accounting, is you ASIC agent, we will get in touch to obtain your director ID number.

We encourage you to inform all directors of this new requirement and to start your application process as soon as possible. For example, if you haven’t verified your MyGovID we recommend you start this process now.

 

If you have questions, as always please contact the CVW Accounting team – we’re happy to help.

 

This entry was posted in .
Meet the CVW Accounting team

ABOUT US

CVW Accounting is a reasonable, highly experienced accounting firm, based in East Perth. We work with small to medium businesses to maximise growth and profit.

More about CVW Accounting
Find out more about what we do at CVW Accounting

OUR SERVICES

We agree on your accounting fee before we start work. Let CVW Accounting keep you on top of all your financial reporting, obligations and taxation requirements.

More about CVW Accounting
CVW Accounting Important dates BLOG Aug2021

Latest News

The financial year is filled with important dates to remember for your business to maintain compliance. So, read on and take notes or mark your calendar. Firstly, these key tax dates relate to compulsory lodgement of information to the Australian… Continue reading →

More about CVW Accounting