From the 1st of November, Australian Company Directors are required by law to verify their identity with the Australian Business Registry Service and obtain a Director ID. The new requirements can be accessed on the new Australian Business Registry Services (ABRS) website. ABRS is a new service, managed by the Australian Taxation Office, that will streamline how you register, view and maintain your business information with the government.
It is part of the Modernising Business Registers (MBR) program and the first service to be delivered.
A director ID is a unique identifier a director applies for once and keeps forever. It will help prevent the use of false or fraudulent director identities. A person will keep their Director ID even if they stop being a company director, change their name or move interstate or overseas. It confirms a director’s identity and will in the future show which companies they’re linked to.
If you are planning on becoming a director or are already a director, you will need to apply for a director ID.
For more information about the director ID and how to apply, click here.