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Did you miss our Legal Lecture on Digital ID?

Updated: Nov 28, 2022

Hey!


So, we had such a fun night last night discussing the Digital ID government regulations due this month - the 30th of November!!


I shared strategies, tips and information with my participants that assisted them in their decision making!


Unfortunately, if you do not have your Digital ID organised by the end of this month, you may be facing a penalty in the form of a fine!


If you would like access to the lecture material, just jump onto our SHOP Page here, and purchase this information.


If you need further information, make a booking with Andrea Consults for implementation, strategy and information about how the regulation works!


New ID requirement for Directors

  • Company directors need to verify their identity as part of a new director identification number (director ID) requirement

  • A director ID is a unique identifier that a director will apply for once and keep forever - which will help prevent the use of false or fraudulent director identities.

  • When you must apply depends on when you were appointed as a director.


All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID.


Corporations Act Directors

When you must apply depends on when you were appointed as a director:

  • Existing directors have until 30 November 2022 to apply.

  • Directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.

  • From 5 April 2022, intending directors must apply before being appointed.

The new Australian Business Registry Services (ABRS) is responsible for administering the director ID initiative.


ASIC is responsible for enforcing director ID offences set out in the Corporations Act 2001. It is a criminal offence if you do not apply on time.


ASIC is Australia’s corporate, markets and financial services regulator.




Have a great day, and keep fighting the good fight!


Andrea.

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