Director ID Number Update

This article is an update to a previous post Jon summarised in November 2021 regarding the new corporate requirements in Australia.

If you became a director on or before 31 October 2021, you must apply for your Director ID number by 30 November 2022.

5 April 2022 marks the end of the current transitional period during which many directors must obtain their Director ID.

From now on, directors must apply for a Director ID number before they are appointed as a director.

Failure to obtain a Director ID number prior to being appointed a director, or within the required period for existing directors, is a strict liability offence. Fines are as high as $13,200.00 and may be imposed for the criminal offence, and up to $1,100,000.00 if the Court considers it appropriate to apply a civil penalty.

For those directors who do not have access to the internet, or are overseas, they can apply for the Director ID by phone or by paper form.

For assistance with your corporate needs, please contact Jon Broadley at Broadley Rees Hogan on +61 7 3223 9100.

Further Reading:

Director Identification Numbers explained.

About Broadley Rees Hogan:

Broadley Rees Hogan is a well-resourced and diverse team of lawyers committed to providing technically excellent legal advice that is commercially relevant. They do so in a timely and cost-effective manner.

They are a mid-size legal practice conveniently located in the Brisbane CBD. Their size enables them to provide legal services often perceived as the province of larger firms. They are flexible in the delivery of those services whilst establishing and maintaining client relationships at a personal level.