From November 2021, company directors in Australia will need to begin applying for a director identification (ID) number. This is a unique identifier given by the Australian Business Registry Services (ABRS). Learn more. These new obligations for directors are part of the wider anti-phoenixing initiative implemented by the Australian Federal Government. How does the director ID affect your MYOB software?All of our MYOB software is still compliant. In the future, there might be changes to ASIC registers as they're migrated to the ABRS. We're working with government to optimise these changes for industry. Learn more. What is required of ASIC agents?There are no changes to ASIC lodgements. After a director is appointed, they'll need to apply for their own director ID. Learn more. Who needs a director ID?If you're a: - New company director—from 1 November 2021, you need to apply for a director ID within 28 days of when you're appointed, including new company registrations. From 5 April 2022, you need to have a director ID prior to your appointment.
- Existing company director—you need to have a director ID by 1 November 2022.
- CATSI company director—you have extended timeframes. Learn more.
- ASIC agent—you don't need a director ID.
See the ABRS website to learn more. How to applyDirectors can apply for a director ID from 1 November 2021. Directors can apply through their myGovID, over the phone or via a paper application. Learn more. |