By Scott Harrington and Michele Nevill
From 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number (DIN). A DIN is a unique identifier that has been introduced as a means of addressing phoenixing arrangements, to help reduce fraud and fictitious behaviours and to enable tracking of directors and their relationships with different companies. Once a director has received their DIN, they will keep it permanently, even if they cease to be a director or move overseas. Read William Buck's previous article here, to find out more about the scheme, its governing legislation and penalties that apply should a director fail to obtain a DIN.
Do I need a DIN?
If you’re a director of an Australian registered body or a director of a foreign company registered with ASIC and carrying on business in Australia (regardless of where you live), or you wish to become a director in the future, you’ll need a DIN.
Click here to find out:
- When you need to apply?
- How to apply?
- What you do with the DIN once you have it?