Directors Identification Number

Have you applied for your directors identification number!

Time is running out, and this a quick reminder that directors of companies in Australia apply for their director’s identification Number (DIN) by the 30th November deadline!

The Australian Taxation Office (ATO) is responsible for delivering the director ID service through ABRS, while ASIC enforces related offences.

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

ASIC’s enforcement role covers four new director ID offences under the Corporations Act 2001.

Offence

Legislative section

Maximum penalties for individuals

Failure to have a director ID when required to do so

s1272C

$13,200 (criminal); $1,100,000 (civil)

Failure to apply for a director ID when directed by the Registrar

s1272D

$13,200 (criminal); $1,100,000 (civil)

Applying for multiple director IDs

s1272G

$26,640, 1 year imprisonment or both (criminal); $1,100,000 (civil)

Misrepresenting director ID

s1272H

$26,640, 1 year imprisonment or both (criminal); $1,100,000 (civil)