expert advice: Karen Foat | Acting Deputy Registrar and Deputy Commissioner of Australian Business Registry Services (ABRS).
Director ID – It’s your business If you’re a director of a company in Australia, you will need to apply for a director identification number (director ID) by 30 November 2022. There is a lot to think about when running a franchise business and staying on top of new requirements can sometimes sneak up on us. It's human nature when we’re busy to leave life admin to the last minute. With the 30 November deadline for director ID approaching, I’ve put together my top 4 things to help you apply now.
Top Tip #1 Find out if you’re a director All directors of companies in Australia are
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required to apply for a director ID. If you’re not sure, here’s one way to check: • Visit abr.business.gov.au and search ABN Lookup with your ABN or business name. • If ASIC registration - ACN or ARBN or ARSN or ARFN are listed, and you are a director or a corporate trustee, you will need a director ID. Still not sure if you need a director ID? Visit abrs.gov.au/directorID.
Top Tip #2 Make it your business to get a director ID By getting a director ID you’re meeting your obligations and doing your bit to protect the community from those doing the wrong thing.
You need to apply for your director ID yourself, as you are required to verify your identity with the Registrar of Australian Business Registry Services (ABRS). This robust identification process will help build a fairer business environment over time by preventing the use of false and fraudulent director identities. Your advisor can’t apply on your behalf.
Top Tip #3 Apply online using your myGovID app The good news is you can get your director ID instantly by applying online in 3 steps. The fastest way to apply for your director ID is online using the myGovID app to log in to ABRS online. You will need a myGovID with a Standard or Strong identity strength.
