If you are a director or plan to become a director in the future, regulation updates recently announced by the ATO affect you.
From November 1st 2021 the Australian Business Registry Services (ARBS) is introducing the Director Identification Number (Director ID).
A Director ID is a 15 Digit unique identifier that will be issued to a director who has verified their identity with the ARBS. These new measures are being put in place to;
The Director ID is linked to the Director – not the company – so this means that you keep the same number forever even if you change companies, are a director of multiple companies, stop being a director, change your name or move to another state or county.
You will need a Director ID if you are a director of:
You will not need a Director ID if you’re:
If you became a Director on or before 31 October 2021 – You must apply by 30 November 2022
If you become a Director between 1 November 2021 and 4 April 2022 – You must apply within 28 days of appointment
If you become a Director from 5 April 2022 – You must apply before appointment
Step 1: Setup MyGovID
Step 2: Gather your documents
You will need the following information from the linked services in your MyGov account:
Step 3: Complete your online application
Whenever a new procedure like this is implemented, we make sure we test it ourselves so that we can assist you through this process as much as possible.
When completing his Director ID application, Mark Lawry found this application system to be poorly designed and the information matching was flawed to the point where he was locked out of the system for an hour!
The big problem lay when matching the PAYG Income Statements and Superannuation Fund Details.
Therefore, Marks recommendation when choosing the type of data to match is to use the following:
Notice Of Assessment: You will need the date of issue and ATO Reference Number which can both be accessed via MyGov.
Bank account details for any bank account that earned interest in previous years. You will need the BSB and Account Number.
When your Director ID is issued, please print it and keep it in a safe place and also send it to us via email email@example.com and we will add it to your permanent records.
Viewing or updating your details
Using myGovID, you can log into the ABRS Online to view and update your Director ID details whenever you need to.
As this process must be completed through your MyGov account, this is unfortunately NOT a process that we can complete on your behalf, but if you do have any questions, Suntax is always here to help support you so please give us a call.
Your Suntax Team
If you are unable to apply for your Director ID online, you can use one of the alternative options;
Apply by phone:
You will need your TFN and information needed to verify your identity (see step 2 under how to apply)
When you have the information, contact the ABRS
Apply with a paper form
Director ID – paper application form
*Note that this is a slower process, and you will need to provide certified copies of your identity verification documents.
ABRS can only disclose your Director ID to
The law does not authorize ABRS to disclose director ID’s to the public without the director’s consent. For now, the director ID will not be searchable by the public. The Registrar will consult with the community about what details can be disclosed and searched I the future.