Email Us: peter@penrithbookkeeping.com

Director ID

Posted 16 Jan '22

Director Id

The Director ID is a 15 digit identifier given to a director to verify their identity.

You will need a Director ID if you are an eligible officer (director) under the Corporations Act 2001. It is not just directors of trading companies that need a Director ID but also a director of a passive investment entity or a corporate trustee (e.g. SMSF) will also need to apply.

The deadlines for obtaining a Director ID are dependent on what date you became a director. If you became a director before 1 November 2021 then the deadline is 30 November 2022. If you became a director between 1 November 2021 and 4 April 2022 then the Director ID must be obtained within 28 days of appointment. If you become a director from 5 April 2022 then you must obtain a Director ID before you take up the new directorship.


Failure to comply may result in financial penalties.

From 1 November 2021, with your myGovID, you can log in to ABRS online as per the link below to apply for a Director ID. The same login can be used to ensure the Director ID is kept up to date. Further information from the Australian Business Registry Services can also be obtained from this weblink.

https://www.abrs.gov.au/director-identification-number



SUBSCRIBE TO OUR NEWSLETTER SUBSCRIBE TO OUR NEWSLETTER
CONTACT US CONTACT US

Related Articles

VIEW ALL VIEW ALL


You will see advertising to business that says you can get a business loan without financial documentation. These "low doc" or "no doc" loans may use recent bank statements and other easily available information to quickly process the application. But getting a loan with full financials (including financials for the current year) is generally better than a low doc loan because it often offers lower interest rates , higher borrowing capacity and better loan terms. While low doc loans provide speed and flexibility for business they are considered higher risk by lenders reflected in higher fees and borrowing capacity. …


If your books are reconciled and clean then your tax accountant can review them BEFORE 30 June and then tailor a response to give you the best tax outcome. By May, a business will have a fair idea what their profit or loss will look like by 30 June. There are quite a few tax strategies your tax accountant can advise on with some of them requiring action before 30 June. For example any additional Superannuation that is paid needs to be received by the Superannuation fund before 30 June. If we can help get your financials in order to give your Tax Accountant greater clarity then contact us. …


Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use up to $20,000. As the instant asset write off expires this financial year, if you’re planning to buy business office equipment, tools or even vehicle upgrades, make sure they’re purchased and installed before the 30 June 2026 deadline. 

ATO Link
https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/instant-asset-write-off?utm_source=nswgovt_business&utm_medium=email&utm_campaign=2026-04-22_sfmc_1945_april_business_multi&utm_content=01_instand_asset_write_off_aa&utm_term=instant_asset_write_off_link&j=687710&sfmc_sub=233373404&l=88_HTML&u=70765489&mid=524007053&jb=28006#ato-Eligibility …

REQUEST A CALL BACK

If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.

First Name
Email Address
Phone Number