Directors Idendentificaton Numbers

As part of the 2020 Budget Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) program.

The MBR program will establish the new Australian Business Registry Services (ABRS) and streamline how you register, view and maintain your business information with government.

The ABRS will:

• progressively roll out between 2021 and 2024

• bring together 31 ASIC registers and the Australian Business Register (ABR) in one place

• introduce the director identification number (director ID) initiative.

The MBR program is being implemented by the Australian Taxation Office (ATO).The MBR program includes the introduction of a director identification number (director ID) – a unique identifier that a director will keep forever.

It’s important the identity of directors is verified. This will:

• help prevent the use of fictitious director identities and make it easier for government regulators to trace directors’ relationships with companies over time

• go a long way to identifying and eliminating director involvement in unlawful activity, such as illegal phoenix activity.

You must apply for your own Director ID. Our staff can assist you with this process. For more information of to apply visit the ABRS.