As mentioned in our earlier blog, new directors are given a period of time to apply for the Director ID. But what really is this Director ID?
The Director ID is a 15-digit identifier unique to every individual. This will stay with the director for life, regardless of any changes as to the roles, businesses, and even countries. Certainly, this offers great identity security and protection from fraud and illegal activity.
How to Apply
Starting 1 November 2021, applications can be made online simply by logging in to Australian Business Registry Services (ABRS)website using the myGovID app for free! If you do not have a myGovID, you can visit this website: How to set up myGovID. Note that once you already have your myGovID, you just have to provide documentary proof to verify your identity.
While online applications would seem more convenient, those who are not tech-savvy can make their applications by phone or manually (paper-based applications).
It would be best if you prepare the requirements and documentation needed for the applications. Make sure also to take note of the important dates and because penalties could be imposed in case of non-compliance.
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