Directors ID's

DIRECTOR IDENTIFICATION NUMBER (DIN) As part of the 2020 Budget Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) program. The MBR program will establish the new Australian Business Registry Services (ABRS) and streamline how youregister, view and maintain your business information with government. The ABRS will: progressively roll out between 2021 and 2024 introduce the director identification number (director ID) initiative bring together more than 30 ASIC registers and the Australian Business Register (ABR) in one place. The MBR program is being implemented by the Australian Taxation Office (ATO). The director identification number (DIN) is a unique identifier that a director will apply for once and will keep forever. All directors of a company including corporate trustees will also need to apply for a director ID. You will be able to apply for a director ID from November 2021 on the new Australian Business Registry Services (ABRS) online ( Link https://www.abrs.gov.au/director-identification-number ) and will log in using the myGovID app. When you must apply for a director ID, depends on the date you became a director- Existing directors will have until 30 November 2022 to apply for a DIN New directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment

You will need to apply for your director ID yourself to verify your identity. No one can apply for it on your behalf.

Your director ID confirms your identity and will in future show which companies

you’re linked to.

ABRS can only disclose your director ID to you or to:

someone you give us permission to disclose to

certain commonwealth, state and territory government bodies

courts and tribunals.

A director ID isn’t governed by the same rules or laws that apply toa tax file number (TFN). An authorised agent or company secretary must ensure that information about a company and its officeholders is:

handled according to their legal obligations

securely stored.

The law doesn’t authorise ABRS to disclose director IDs to the public without the director’s consent. For now, your director ID will not be searchable by the public. The Registrar will consult the community about what details can be disclosed and searched in the future.