There is a new requirement by the ATO & ASIC for directors to apply for a Director Identification Number (DIN).
What is a DIN?
The DIN is a 15-digit unique code that is held forever (even if the holder stops acting as a Director, moves overseas/interstate, or changes name).
This new requirement has been introduced by the ATO & ASIC to stop fraudulent activity and help keen records clear amongst Australian Companies.
Who needs to apply?
If you are a Director, Alternate Director, or an emerging Director of:
- Australian Registered Companies (public or proprietary)
- Body corporate that is registered
- Registered foreign companies
- Aboriginal Corporations.
When do I need to apply?
See the timeframe table below to see when you need to apply by:
Note – if you are not yet a Director, but intend to be one in the future, you may also apply for a Director ID at any time. If it is not linked to a company within 12 months of obtaining the Director ID number, it will be cancelled, and you will simply need to re-apply to re-activate it.
How to apply:
Simply follow our step-by-step process and need-to-know information:
- For Australian Directors view process here.
- For Foreign Directors view process here.
If you would like to read further information, please click here.
As always, we are here to help and guide you through this process so please feel free to reach out at any time!
