Time is running out for directors of companies in Australia to apply for their director identification number (director ID), with the 30 November deadline less than a month away.
A director ID is required for the director or alternate director of:
- a company, registered Australian body, or registered foreign company under the Corporations Act 2001;
- an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
To check if a director ID is required, you can search ABN Lookup with the ABN or business name. If an ASIC Registration — ACN or ARBN or ARSN or ARFN — is showing against the record, the director of the company will need to apply for a director ID.
Read our complete November 2022 TaxWise Business Newsletter here.