Further changes are being made to the requirements for when a person is to apply for their director ID. This marks the end of the current transitional period where new directors were given 28 days from the date of their appointment to obtain their director ID.
From April 5, a person will now be required to complete the director identification process before being appointed as a company director.
Director IDs can be applied for online through the MyGovID app.
For those who do not have access to the internet, or are overseas, they can apply for their director ID over the phone by contacting Australian Business Registry Services:
If you are calling from within Australia: 13 62 50
If you are calling from overseas: +61 2 6216 3440
More information about setting up your MyGovID and the process to obtain a director ID can be found here.
Failure to obtain a director ID prior to being appointed as a director, or within the required timeframe for existing directors, is a strict liability offense. Fines as high as $13,200 may be imposed for the criminal offence, and up to $1,100,000 if the court deems it appropriate to apply a civil penalty.
Step-by-step instructions on how to complete your director ID can be found here: Director ID Instructions
Should you require further information regarding director IDs, please do not hesitate in contacting our office.