Are you a director? Do you now have a Director ID?
Applications for Director ID have opened in November and over 2,000 people have already applied within the first few hours. A unique Director ID will be assigned to you for life. It aims to prevent the use of fictitious identities and help establish links to companies to prevent them from doing any unlawful activity like illegal phoenixing.
You’ll need a Director ID if you’re a director of a company, corporate trustee of an SMSF, Aboriginal and Torres Strait Islander corporation, charity or NFP company or Aboriginal and Torres Strait Islander corp, registered Australian body that’s registered with the ASIC or Foreign company registered with ASIC carrying on business in Australia.
You’ll need a myGovID with standard or string identity to apply for director ID online. If you live outside Australia and cannot get this, you’ll need to apply in paper and provide certified copies of your identity. Those who live in Australia and don’t have a myGovID can download the app. If you already have a myGovID, you can now apply for director ID.
You’ll need some requirements such as your tax file number, residential address recorded by the ATO, and two documents of the following: bank account details, super account details, an ATO assessment notice, a dividend statement, a PAYG payment summary or Centrelink payment summary.
Once you have your myGovID with standard or strong identity strength and all the info above mentioned, log in through myGov and apply for director ID. The application will only take around five minutes. Application is free and can be made via phone or paper. You need to apply for director ID depending on the date you become one. For more details, contact Sky Accountants.
As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.
You can click here to speak to a business, accounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.
We would love to help you formulate investment strategies and streamline your processes to take your business to the next level. Our goal is to help you grow your business, find ways to invest more and increase your productivity.
Sky Accountants Ballarat
Phone: 1300 328 855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354
Sky Accountants Gisborne & Macedon Ranges
Phone: 03 97444522
Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia
Postal Address: PO Box 270 Gisborne Victoria 3437