There has been a recent change in policy by the Federal Government which requires company directors to apply for a Director ID. Starting
from November 1st, the Australian Business Registry Services requires all directors to apply for a 15-digit unique identification number.
The purpose of this new requirement is to make it easier for shareholders, employees and others to know the names and details of the
directors of a company. It will also be used to prevent fraudulent director activities and phoenix schemes.
If you are a company director and need to register for the Director ID, you will apply using mygovid (not to be confused with mygov). You
only need to apply once and the number will stay with you forever. Below is a link to a short video showing what the program is all about
and how you go about registering.
Unfortunately, this is not one of those admin tasks your business advisor can do on your behalf. It explicitly says in the documentation
that it must be done by each individual director. I have already registered for myself and did not find it a particularly time consuming or
difficult process. Here at JOG, we have been assisting our clients in preparing for their registrations by collating documents and providing
step by step instructions. We’ve also offered Zoom sessions with screen sharing to provide a little bit of support and hand holding for the
clients that are less tech savvy.
For existing directors, you have until 30/11/22 to get registered so there is no need to panic. But it’s probably one of those admin tasks
that you should get done and dusted. If you are currently a director and a bit frantic on how to go about registering, give us a shout. We’d
be happy to help.