Important Director ID Update, Resigned Directors Required To Register

November 4, 2022

The 30 November 2022 deadline for Directors IDs is quickly approaching.

Our previous articles have detailed the requirements for the Directors ID, however the ATO has recently confirmed that directors who were appointed as Directors on or before 31 October 2021 are also required to register for a Directors ID, regardless of whether they have since resigned as a Director and do not intend to ever be appointed as a Director again.

If you are unsure if you require a Directors ID, please contact our team as soon as possible, as significant penalties (up to $1.1m) may apply for failing to meet the Directors ID registration requirements (i.e. by 30 November 2022).

We can help

Although we are can’t apply for a director ID on your behalf, our team can help you understand the application process, assist with obtaining your myGovID and provide guidance for your ongoing compliance obligations.  Contact us on 07 3217 2477 today.