Skip to content

News

30 NOVEMBER DIRECTOR ID DEADLINE- EXTENDED

The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. As of Today, ASIC have announced an extension date to 14 December 2022.

All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI) will need a director ID. This includes directors of a corporate trustee of a self-managed super fund (SMSF).

A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change their name, or move overseas.

For those who have been a director since 31 October 2021, the deadline for obtaining a director ID is 30 November 2022 unless you are a director of an Aboriginal and Torres Strait Islander corporation, then the deadline is 30 November 2023.

For overseas directors, the process to obtain a director ID can be onerous as applications cannot be made online. In addition to the paper application form, you will need copies of one primary and one secondary identity document (or primary identity documents) certified by notaries public or at an Australian embassy.

For those who have been invited to become a director but are not a director as yet, if you do not have a director ID, you will need to obtain one prior to being appointed.

You do not need a director ID if you are running a business as a sole trader or partnership, or you are a director in your job title but have not been appointed as a director under the Corporations Act or Corporations (Aboriginal and Torres Strait Islander) Act (CATSI).

Read More

KEY DATES – JULY 2024

READ

KEY DATES – APRIL 2023

READ

WHAT’S THE DEAL WITH WORKING FROM HOME?

READ

FUTURE EARNINGS FOR SUPER BALANCES ABOVE $3M TAXED AT 30% FROM 2025-26

READ

1 JULY 2023 SUPER BALANCE INCREASE BUT NO CHANGE FOR CONTRIBUTIONS

READ

Stay Tuned

Keep up to date with the latest news in tax and accounting, with key accounting dates delivered straight to your inbox.