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DIRECTOR IDENTIFICATION NUMBER (DIN/ director ID)

Director Identification Number A Concept Guide On Din

The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program.

 

What is a Director Identification Number/DIN?

The Director Identification Number (Director ID) is a 15 digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the ABRS. This will make it easier to trace director relationships across companies and help identify and eliminate involvement in illegal activity such as illegal phoenix activity.

 

What date are you required to apply for your DIN by?

Corporations Act 2001 (Corporations Act)

  • Existing Directors appointed on or before 31 October 2021:  By 30 November 2022
  • New Directors appointed between 1 Nov – 4 April 2022:  Within 28 days of appointment
  • New Directors appointed from 5 April 2022:  Before appointment

Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act)

  • Existing Directors appointed on or before 31 October 2021:  By 30 November 2023
  • New Directors appointed after 1 November 2022:  Must apply before appointment

 

How to apply for your Director Identification Number / DIN

  1. From the 21st November 2021, Directors will need to apply online at https://www.abrs.gov.au/director-identification-number/apply-director-identification-number
  2. You will require a MyGovID (an app you download on your smart device, different from MyGov) to complete the application process.
  3. For information on how to setup a MyGovID please go to https://www.mygovid.gov.au/set-up

 

Key points:

  • A DIN will be a legal requirement for all new and existing directors to hold.
  • A DIN is a unique 15 digit numerical identifier that an existing or intending director will apply for once and keep forever.
  • Only one DIN will be issued to each individual, once their identity has been verified.
  • The issued DIN will remain the same even if that person stops being a company director, changes their name or moves overseas.
  • This will apply to directors of a company, body corporate or corporation.
  • It is not applicable to secretary’s.
  • Alternative director’s are also required to apply for a DIN.
  • Directors must apply for their direct ID themselves. No one can apply on their behalf, including registered agents and accountants

 

 

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