The final stage of the DIN rollout is soon to cross the finish line. The expectations of Directors are clear and so are the penalties for non-compliance. The Australian Business Registry Services (ABRS) commenced its Director ID enforcement in March this year. They focused on first-time directors who had not completed their director ID [...]
As a director of an Australian business, you are required provide your individual Director Identification Number (DIN) in every directorship registration, current and future. Your DIN is unique and used instead of your personal details on public registers. It also allows businesses, communities and government agencies to register, verify and track the corporate history [...]
From November 2021, all current directors and anyone wanting to become a director will need to apply for a Director Identification Number. A Director Identification Number is a unique 15 digit identifier system bringing together the Australian Business Registry with over thirty ASIC Registers, enabling businesses, communities and government agencies to register, manage and [...]