top of page

New Directorial Responsibilities - Are You Compliant?

Directors of Australian companies will now need to obtain a personal identification number as part of reforms to the Corporations Act 2001 which are intended to deter illegal “phoenixing” activities.

All Australian directors must apply for a Director Identification Number (DIN) and there are no exceptions for small companies, not-for-profit companies, or registered charities.

The timeframe in which company directors must apply for their DIN depends on when they were appointed:

  1. Directors who were appointed on or before 31October 2021 must apply before 30 November 2022.

  2. New directors who are appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.

  3. Any directors who are appointed on or after 5 April 2022 must apply before they are appointed as a director.

Directors will be able to complete an online application for a DIN from November 2021. Penalties apply if directors fail to obtain a DIN within the above timeframes or after being directed to do so by the regulator.

If you need to apply, click here for more information.

25 views0 comments


bottom of page