From November 2021, company directors in Australia will need to apply for a director identification (ID) number. This is a unique identifier given by the Australian Business Registry Services (ABRS).

These new obligations for directors are part of the wider anti-phoenixing initiative implemented by the Australian Federal Government.

Existing directors have until 30 November 2022 to apply.

New directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.

From 5 April 2022, intending directors must apply before being appointed.

For more information on Director Identification Numbers, please follow the links below:

MYOB Director Identification Number

ABRS about Director Identification Numbers

ASIC Company Director obligations

If you have any questions, please do not hestitate to contact us.

PDK Financial Synergy

Office Location: Level 1 / Shop 25 Renaissance Arcade, Adelaide SA 5000
Postal Address: PO Box 3685, Adelaide SA 5000

Telephone: 08 8271 9555

 

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