Government locks in director ID deadline - the DIN just got real
Perrier Ryan • October 19, 2021
We've been advising and updating for a little while now about the new director ID regime proposed – and now enacted – by the Government.
Key dates for the implementation have now been released:
- From 1 November 2021 – existing company directors have to apply for a director ID by 30 November 2022;
- From 1 November 2021 – directors appointed from 1 November 2021 to 4 April 2022 will have just 28 days after appointment to apply for their director ID
- From 5 April 2022 – new directors appointed will be required to apply for their director ID before appointment.
Other points to note:
- Essentially, the director ID confirms a director's identity and will, in future, show which companies a director is linked to
- As it is about identity confirmation, directors must apply for their director ID themselves – no agent can do it on behalf of a client
- The fastest way to get a director ID is to apply online – you will need to make sure you've set up your myGovID
- It is free to apply and open for applications from November 2021
- The director ID will be attached to a director permanently
- The law (currently) does not authorise the ABRS to disclose director IDs to the public without the director's consent. For now, director IDs will not be searchable by the public – this may change in the future.
- Penalties do apply for failing to apply for a director ID within stipulated timeframes.
For more, see our newsletter here.
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