In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity. Read More…
In 2021, ASIC and the ATO announced that all company Directors will be required to hold a Director Identification Number (Director ID).
A Director ID is a unique 15-digit identifier you need to apply for once and will keep forever. It 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.
How do I apply for a Director ID?
Application for a Director ID is a three-step digital process using a smart device:
1. Directors will need to verify their identity through the myGovID app using two of the following Australian identity documents:
(Note: myGovID is different to myGov)
2. Open a new web browser (not the myGovID app) and login to conduct a proof of record ownership about your individual ATO record by answering questions from any two of the following documents::
Note: once you enter your myGOVID email address, you will be asked to accept or enter a four digit code. To do this, open the myGovID app and enter the four digit code. This provides a two factor Identification.
3. Apply for Director ID number to be issued:
If you cannot get a myGovID, you will need to apply by phone or paper, depending on your situation.
When do Directors need to apply?
Date person becomes a Director: |
Must apply: |
On or before 31 October 2021 |
By 30 November 2022 |
Between 1 November 2021 and 4 April 2022 |
Within 28 days of appointment |
From 5 April 2022 |
Before appointment as Director |
What happens once I have the Director ID:
WDF clients should pass on the Director ID number to us as the authorized agent for your company in order to maintain your records. Email us at accountants@wdf.com.au
Can WDF Professional apply for me?
Directors must apply for their Director ID number themselves. We can assist by having one of our team, step through the process with you. Contact us on 02 6921 5444 for further information or to book an appointment so we can assist you in applying for your Director ID.
Director
WDF Accounting and Advisory | Accountants Wagga | Your partners in business
Providing carefully tailored accounting solutions in business advisory, tax compliance, bookkeeping, Self-Managed Super funds, and more.
In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity. Read More…
6 Powerful Reasons to Watch your Financial Reports
Making time to look over your financial reports each month is an important task for any business owner. We have 6 reasons why we recommend you should start. Read More…
Are you meeting your SMSF Governance Requirements?
Opting for a self-managed superannuation fund (SMSF) may give you more control over your investment strategy and allow you to be more agile as a fund in the market Read More…