Do you have you Director ID number - don’t risk a $16,500 fine.
Bernadette Smith • 1 May 2024

Do you have you Director ID number - don’t risk a $16,500 fine. 

As of the 1st of November 2022, Australian Company Directors are required by law to verify their identity with the Australian Business Registry Service and obtain a Director ID. If you are operating as a director without a Director ID number, you risk a $16,500 fine

 

If you do not have a Director ID follow our guide to setting one up, there is no cost involved. Your Director ID will need to be recorded with our office should any changes be required for your entity. We do not want any changes to be delayed as a result of not having your Director ID in place.



ASIC has begun charging directors for non-compliance.  On 19 March 2024, a director was formally charged with one count of failure to have a DIN when required to do so (s1272C(1) of the Corporations Act 2001). The defendant is facing a maximum penalty of $13,320. The matter is currently subject to an interim non-publication order.


If you have your Director ID, could you kindly update our office by uploading the information using the Aspen Corp portal

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