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New Mandatory Director Identification Number (DIN/director ID)

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19th October 2021

The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program.

The DIN will provide accountability and traceability of a director’s relationships over time, across all companies and will provide information on a director’s involvement in what may be repeated unlawful activity, including illegal phoenix activity.

Key points

  • A DIN will be a legal requirement for all directors to hold.
  • A DIN is a unique 15 digit numerical identifier that an existing or intending director will apply for once and keep forever.
  • Only one DIN will be issued to each individual, once their identity has been verified.
  • The issued DIN will remain the same even if that persons stops being a company director, changes their name or moves overseas.
  • This will apply to directors of a company, body corporate or corporation.
  • It is not applicable to secretary’s.
  • Alternative director’s are also required to apply for a DIN.
  • Directors must apply for their direct ID themselves. No one can apply on their behalf, including registered agents and accountants.

How to apply for a DIN

Directors will need to apply online at https://www.abrs.gov.au/director-identification-number/apply-director-identification-number, from November 2021 and will require a MyGovID (an app you download on your smart device, different from MyGov) to complete the application process.

For information on how to setup a MyGovID please go to https://www.mygovid.gov.au/set-up

When will a director need to apply for a DIN?

Transitional arrangements will allow directors to become familiar with the new requirement. When you need to have a director ID will depend on when you were appointed as a director.

 Corporations Act 2001 (Corporations Act)

DATE OF APPOINTMENT AS DIRECTOR

WHEN YOU NEED TO APPLY FOR A DIN

Existing directors appointed on or before 31 October 2021

By 30 November 2022

New directors appointed between 1 November 2021 to 4 April 2022

Within 28 days of appointment

New directors appointed from 5 April 2022

Before appointment

Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act)

DATE OF APPOINTMENT AS DIRECTOR

WHEN YOU NEED TO APPLY FOR A DIN

Existing directors appointed on or before 31 October 2022

By 30 November 2023

New directors appointed after 1 November 2022

Must apply before appointment*

For now there will be no change to how a company is registered, therefore there is currently no requirement for you to include the directors ID number on your company application or company change of details form (484, etc).

You can find more information on the MBR Program at https://www.ato.gov.au/General/Gen/Modernising-Business-Registers/