Director ID Number - Eligible Directors

Don’t you just love the fact that the ATO is only now developing Comms and guidelines on the ABRS website that all existing directors as at 31 October 2021 who may have resigned or deregistered their dormant company during the transitional period, are still required to apply for a director ID. Even if they are no longer a current director as at the 30 Nov 2022 deadline.

Mmm how’s that for an 11th hour complication.

If a person no longer has any directorships, nil, nada! Then they also no longer have the need for an ASIC Agent.

Good luck with that ATO.

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Thank you for the information, Viola! Good to know but agree it’s unlikely to happen for people who have already resigned or deregistered a company.

We have no record of clients this would apply to.

They will not be aware of the requirement themselves.

We also have elderly clients who have been born overseas and don’t have the appropriate Australian ID who have resigned as directors simply to avoid having to register for a Director ID!

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Yep. Not losing sleep over this one.

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Hi @ViolaPythas and @Anne.Wright

I have since followed this up with the ABRS for clarification.

The view of the ABRS is, that if a director was a director on the 1st of November 2021, then they are required to get a Director ID.

If the director has since ceased, or the company has been de-registered or is in external administration, As the Director was still a director on the 1st of November 2021, they are still required to get a Director ID.

There will be more information added to the ABRS website in the near future regarding this.

Hope this helps

Warren

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Thanks Warren, appreciate the confirmation, definitely creates some complications!
Good of them to make this clear from the start! :roll_eyes:

Hi @WarrenRenden

The MBR comms team has clearing dropped the ball on this one. You and I are both on the ATO’s Business Advisory Group for the MBR project and yet this interpretation came as a surprise to us in Septmeber 2022 - almost a year later. There should have been no confusion as to who was required to apply. :roll_eyes:

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@WarrenRenden Any chance you can create a report in CAS360 that will show director resignations since 1st November 2021? :slight_smile:

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What happens if a director has died in that period?