Belbridge Hague

NEWS & UPDATES

Researching changes to the law is hardly an exciting task... but luckily for you, we're a bunch of nerds and we love it!! Whenever we hear about a recent change to the law or government regulations that may impact our clients, we put our 2 cents in and summarise the facts. If you're after more info, just ask.

DEADLINE FOR DIRECTOR IDs

The timeframes and obligations that you need to know about

Last updated - 25 November 2022

Time is running out to apply for a Director ID.

The Director Identification Number (Director ID) deadline is fast approaching. By 30 November 2022, all existing directors of an Australian company, registered Australian body, registered foreign company, and directors of a corporate trustee of a Self Managed Superannuation Fund (SMSF) or trust need to have applied for a Director ID with the Australian Business Registry Service (ABRS).

Failure to do so may result in substantial fines for the director enforced by Australian Securities and Investment Commission (ASIC).

The fastest way to apply is by using the myGovID app to log in to the ABRS website. The Director ID demonstration video has step-by-step instructions on how to verify your identity and apply for the Director ID online. The full application process can be viewed here.

Directors must apply for their own identification number. Registered ASIC agents are not permitted to apply on the director’s behalf.
For more information, please visit abrs.gov.au/directorID.

The timeframes and obligations that you need to know about

Information compiled by Chantelle Shaw

Check out Chantelle's profile:

DEADLINE FOR DIRECTOR IDs

The timeframes and obligations that you need to know about

Last updated - 25 November 2022

Time is running out to apply for a Director ID.

The Director Identification Number (Director ID) deadline is fast approaching. By 30 November 2022, all existing directors of an Australian company, registered Australian body, registered foreign company, and directors of a corporate trustee of a Self Managed Superannuation Fund (SMSF) or trust need to have applied for a Director ID with the Australian Business Registry Service (ABRS).

Failure to do so may result in substantial fines for the director enforced by Australian Securities and Investment Commission (ASIC).

The fastest way to apply is by using the myGovID app to log in to the ABRS website. The Director ID demonstration video has step-by-step instructions on how to verify your identity and apply for the Director ID online. The full application process can be viewed here.

Directors must apply for their own identification number. Registered ASIC agents are not permitted to apply on the director’s behalf.
For more information, please visit abrs.gov.au/directorID.

The timeframes and obligations that you need to know about

Information compiled by Chantelle Shaw

Check out Chantelle's profile:

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