NEW! Director ID Number is required for all company directors

The following is only relevant to existing company directors and those thinking of becoming a company director.

ASIC has launched a new number by which a company director will be identified. This ID number has been created to help prevent the use of false or fraudulent director identities, and as a precursor to the amalgamation of ASIC and ATO into a new system called the Modernising Business Register or MBR, arriving in 2023. 

The 15-digit number will be known as the Director Identification Number (DIN or Director ID)  and is a unique identifier that a director will only need to apply for once as it will always be linked to them.
A director will keep their DIN even if they stop being a company director, change their name or move interstate or overseas. 

When to apply
The dates for when you need to apply, depend on when you become a director. 
1. Existing directors (appointed prior to 1 Nov 2021) have until 30th November 2022 to apply.
2. If you become a director between 1 November 2021 and 4 April 2022, you will need to apply within 28 days of your appointment. 

How to apply for a DIN
Although all existing directors only need to apply by 30 November 2022, we strongly recommend you do this one-time set up now to avoid any future penalties.
Please follow this link to apply. (The link will take you to the official Australian Business Registry Services (ABRS) website).
In order to login to the ABRS website and apply for the DIN, you will need to Setup a MyGovID app on your phone if you don’t already have one. 
Note: MyGovID is different to MyGov, which is your personal government portal.

Should you need assistance with applying for the myGovID or the DIN, please let us know at support@prestoncorporate.com.au.