Changes to Director ID obligations
From 1 July 2027, new laws will require companies to provide Director IDs to ASIC.
Companies will need to provide director IDs to ASIC through company reporting processes, including the annual review or when notifying changes to directors’ details.
Over time, the companies register will display whether a company has provided director IDs for its directors.
The changes will:
- reduce the risk of fraud and identity misuse
- improve the accuracy of company records
- make it easier to identify company directors
- improve the quality and usability of registry information.
Disclaimer: This does not purport to be comprehensive or to render legal advice. You should not act based on any information contained in this publication without first obtaining specific professional advice. Consult your legal advisor to determine if this applies to you.
