In Australia, a Director Identification Number (Director ID) is a legal requirement for all directors of companies, registered Australian bodies, registered foreign companies, or Aboriginal and Torres Strait Islander corporations.
This unique identifier is part of a national initiative to maintain integrity and transparency in the corporate sector, ensuring that directors can be accurately identified and associated with the companies they govern. The process of obtaining a Director ID involves verifying one's identity with the Australian Business Registry Services (ABRS), and once acquired, it remains with a director for life, even if their directorship status changes.
It is crucial for current and aspiring directors to apply for their Director ID to comply with legal obligations and to avoid potential penalties for non-compliance. For detailed information on the application process, eligibility, and management of a Director ID, individuals can visit the ABRS or the Australian Securities & Investments Commission (ASIC) website, which provide comprehensive guidance and resources.
For more detailed guidance or quicklinks, and to ensure compliance with all legal requirements, it may be beneficial to consult with Namecorp’s Support and Compliance Team either by phone on 1300 006 263 or via email at support@namecorp.com.au, they’re always there to help you through every aspect of your business journey.