All Company Directors must now have a Director Identification Number
All company directors must apply for and hold a valid ‘Director Identification Number’ — otherwise known as a DIN.
A Director ID is a unique identification number that all directors must hold to prove that a director’s identity has been verified. This is similar to a driver’s licence which provides that a driver’s identity has been verified.
The goal of a Director ID is to try to prevent directors from operating under fake and fraudulent names and also prevent illegal phoenix activity.
The ability to easily identify the company director is very important for the company’s shareholders, employees, creditors and others dealing with the company.
When do you need to apply for your Director Identification Number?
Directors who are appointed:
How to apply for your Director Identification Number?
You must apply for your own Director ID to verify your identity. However, we can help you get started.
You must apply at https://www.abrs.gov.au/director-identification-number
It’s a simple process to apply for a Director ID. However, you must be able to verify your identity such as providing your birth certificate, driver’s license or your passport.
You will be asked to provide your TFN and your residential address held by the ATO.
There are penalties for directors who do not apply for the Director ID within the timeframe.
Please let us know if you require any assistance with applying for your Director ID.
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