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. We've created a new Extra field in MYOB AE/AO for recording director IDs. We released this update in version 5.4.41. To learn how to enter the a director ID in AE/AO, check our help page. How do you find directors in MYOB software?You can create a report to find the director associations. To learn how to run the report, see our help page. Can MYOB software download director IDs from ABRS's database?Not yet. ABRS haven't built out this functionality, but plan to in the future. What is required of ASIC agents?There are no changes to ASIC lodgements. After a director is appointed, the director will need to apply for their own director ID. Learn more. Who needs a director ID?If you're a: - New company director (appointed after October 2021)—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 (appointed before November 2021)—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. Who is responsible for maintaining director IDs?You may be asked to help with maintaining this data on behalf of your clients or their associated entities. To better understand your obligations and responsibilities, seek legal advice. How to applyFrom 1 November 2021, directors can apply to ABRS for a director ID. ABRS have three ways for directors to apply: |