What is a Director ID?
A director ID is a unique identifier a director applies for once and keeps forever – which will help prevent the use of false or fraudulent director identities. You do not need a director ID for each company.
All directors of a company, registered Australian body, registered foreign company, or Aboriginal and Torres Strait Islander corporation need a director ID.
ASIC is responsible for enforcing director ID offences set out in the Corporations Act 2001. It's a criminal offence if directors do not apply on time and penalties may apply.
Actions that may be taken if a director fails to apply include:
Being asked to attend an interview with a delegate of the Registrar to explain why they haven’t obtained one, and/or
Referral to the Australian Securities and Investments Commission (ASIC) to consider investigation and prosecution.
What are the director ID offences and penalties?
