Time is running out – Urgent action required to avoid huge Director ID penalties

by | Oct 31, 2022 | News & Updates | 0 comments

The new Director Identification Number regime (DINs or Director IDs) commenced on 1st November 2021. All directors are required to apply for a DIN and should have registered for a Director ID

Persons appointed as a director on or before 31 October 2021 have until 30 November 2022 to apply for a DIN which is a unique 15 digit identifier for each director.

Directors must apply for their own Director ID themselves because they need to verify their identity. No one can apply on their behalf.

Failure to have a DIN by the required date is an offence with fines starting at $13.200. There are also offences associated with actions which would undermine the DIN regime, such as providing false identification documents.

If you are having trouble doing this via myGovID, it may be easier to simply call 13 62 50 with 2 ID Documents and 2 ATO ID details the ATO would have (TFN, DOB, reference number, etc…)