Company directors are required by law to apply for a director identification number (director ID). A director ID is a unique identifier that a director will apply for once to will help prevent the use of false or fraudulent director identities.
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID. The Australian Business Registry Services (ABRS) is responsible for delivering the director ID initiative. ABRS is administered by the Australian Taxation Office.
ASIC is responsible for enforcing director ID offences set out in the Corporations Act 2001. It is a criminal offence if directors do not apply on time and penalties may apply.
For more information about ABRS and director ID, visit abrs.gov.au