SW Accountants & Advisors: Applying for a Director ID under the Treasury Laws Amendment Act 2020
In response to a recommendation by the Productivity Commission, last year the Commonwealth passed the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 designed to centralize Australian business registers.
The Act introduces a requirement for all current and future directors of Australian corporations to apply, and permanently hold their own unique director identification number (Director ID).
A Director Identification Number is a unique identifier and has been introduced to prevent the false or fraudulent use of directors’ identities.
SW Accountants & Advisors has released this month a document providing instructions on the application process of the Director ID. The document covers:
1. Who needs to apply for a Director ID
2. When to apply for a Director ID
3. Application process
4. Who can certify your documents
5. How long does a Director ID last
Full copy of the instructions (English)
Full copy of the instructions (Chinese)
SW is also able to assist you with the application process. Please do not hesitate to reach out to your SW Consultant for assistance and more detailed instructions.
