Client Alert

Do Not for Profit Directors require a Mandatory ID number?

Adam Alexander
By:
Adam Alexander
23 Nov 20212 min read
Not for Profit Director ID’s numbers – apply now to avoid delays
Contents

In June 2020, the Federal Government passed legislation intended to improve the integrity of Australian business registers and to create a central Commonwealth Business Registry. A key component of the changes is the new mandatory Director Identification Numbers (Director ID) regime. Directors must apply for their own Director ID, as they will be required to verify their identity.

If you are a Director of a charity or association that is incorporated under either the Corporations Act 2001 or the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (“the CATSI Act”), you must obtain a Director ID.

Although many directors may have until November 2022 to apply – we encourage you to apply as soon as possible to allow sufficient time to address any issues, and to avoid any delays closer to the due date.

If your charity or association was established under any other legislation or rules, your Directors or Officeholders do not require a Director ID. Examples of such organisations include:

  • Unincorporated associations
  • Those incorporated under State or Territory legislation (eg. Associations Incorporations Act)
  • Those incorporated under Federal legislation other than the Corporations Act or CATSI Act
  • Those established under Letters Patent

How to apply for your Director ID

We have developed some key information on Director IDs, together with detailed instructions on how to apply here.

Keeping record of your Director ID

Once you have successfully applied and obtained your Director ID, it should be kept in a safe place and retained for your records. The ID details should be provided to the relevant corporation’s record holder.

Grant Thornton as your Registered office

Where we act as the Registered Office or provide corporate secretarial services to your company(ies), please provide your director ID to us at the relevant email address below:

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Authors
  • Adam Alexander
    Adam Alexander Adam has over 18 years’ experience providing specialist taxation services to businesses ranging from small start-ups to public listed groups across a range of industries. View Profile

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