Do you know about Director ID?
Many people don’t know about Director ID and how to apply for one?
This is the eligibility criteria of those that need a Director ID.
– A company that is a registered Australian body or a registered foreign company under the Corporations Act 2001
– An Aboriginal & Torres Strait Islander corporation registered under the Corporations (A&TSI) Act 2006.
In other words an eligible officer is a person who is appointed either as a director, or an alternative Director who is acting in that capacity.
For more information on the Corporations Act, visit the ASIC websiteExternal link, this information is from the link below.
‘Corporations Act directors
When you must apply for your director ID depends on the date you become a director.
| Date you become a director | Date you 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 |
To be a director under the Corporations Act, you must:
- be an individual who is at least 18 years old
- not be disqualified from managing corporations, unless the appointment is made with the permission of ASIC or the Court.
To be a director under the CATSI Act, you must:
- be an individual who is at least 18 years old
- be a member of the Aboriginal and Torres Strait Islander corporation and an Aboriginal and Torres Strait Islander person (unless the corporation’s constitution or rule book says otherwise)
- not be disqualified from managing an Aboriginal and Torres Strait Islander corporation, unless the appointment is made with the permission of the Registrar of Aboriginal and Torres Strait Islander Corporations or the Court.
For more information on the CATSI Act, visit the Office of the Registrar of Indigenous Corporations (ORIC) websiteExternal link’
If you use an authorised tax, BAS agent like myself, I can help you decide if you need to apply.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
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