Reminder on Director Identification Numbers (DIN's) - 5th April 2022

You may recall our newsletter on this topic sent in November 2021. This update is to remind you all that IF you want to added as a Director to a company on or after 05 April 2022, you will need a DIN before your appointment.

It is a new requirement being brought in by our Federal Government to cut down on fraud and to standardise people's names across all Government databases. We have prepared a diagram that explains the timeline of when you need a DIN.

Existing directors still have until 30 November 2022 to get a DIN, unless they want to be added as a director to a new or existing company We have attached a visual summary of the deadline dates.

The Identification process will be done through MyGov ID which is different to MyGov (!). It is not something we can do for you as it is all based on verifying your personal identification. You will need to have documents handy such as your birth certificate, drivers licence, current passport, etc as the app will cross reference your full name and ID across all of those databases. Your name must be exactly the same across all databases with your middle name(s) included and spelt correctly.

Hyphens and symbols like the French circumflex ^ are bound to cause some headaches.  We have attached for your information a link to How to Setup a MyGov ID.

Once you have your ID sorted out, then head to the Australian Business Registry Service (ABRS) to obtain your DIN. The link is here. 

Once you have your DIN, please let us know as soon as possible. Apparently the Australian Securities & Investment Commission (ASIC) still does not have anywhere to store these numbers yet...