Update: On 15 November, the Commissioner of Taxation released a draft legislative instrument, ABRS 2022/D1, that relieves former directors from being required to apply for a Director ID. The consultation process for this is still open. If you have any questions, please get in touch with our team.

Last year, we shared some information about the requirement for all new and existing directors of a company, registered Australian body, registered foreign company, or Aboriginal and Torres Strait Islander corporation to apply for and obtain a director identification number (director ID).

We would like to remind existing directors that they must apply for a director ID by 30 November 2022.

You are able to apply for a director ID online, via the phone, or via paper application.

We are aware that a number of clients have experienced challenges with verifying their identity online using the options available to them through myGovID. To clarify, you are able to verify your identity using:

1. bank account details (personal, not SMSF) of an account that would have received a tax refund or has received interest in the last two years
2. a Notice of Assessment received in the last five years
3. superannuation account details (not an SMSF)
4. a dividend statement (personal, not SMSF)
5. a Centrelink payment summary
6. a PAYG payment summary

If you:

(a) are a member of only an SMSF,
(b) do not work, and
(c) haven’t lodged a tax return in five years,

then you will not be able to apply for a director ID online. You must apply via phone or paper application.

We have put together a troubleshooting guide to help you.

If you have already applied for and received your director ID, please let your MGD advisory team know so that we can record this in our system.

If you have any questions, please contact us at (07) 3391 5055 and we will assist where we can.

Any advice included in this communication is general and has been prepared without taking into account your objectives, financial situation or needs. As such, you should consider its appropriateness having regard to these factors before acting on it. Any tax information refers to current laws, is not based on your unique circumstances and should not be relied on as tax advice. Before you make any decision about whether to acquire a certain financial product, you should obtain and read the relevant product disclosure statement.