What is a Director Identification Number (DIN)?
A DIN is a unique 15-digit identifier given to a Director who has verified their identity with the Australian Business Registry Services (ABRS).
Do I need a DIN?
If you are a Director of an Australian Corporation you will need to register for a DIN. A ‘Director’ includes an alternate Director who is acting in that capacity.
When do I need to apply?
This will depend on when you become a Director. The transitional arrangements for existing and new Directors are set out below.
If you become a Director:
- On or before 31 October 2021, you need to apply by 1 November 2022
- Between 1 November 2021 and 4 April 2022, you need to apply within 28 days of the appointment
- From 5 April 2022, you need to apply before the appointment.
How do I apply for a DIN?
- Step 1 – Set-up your myGovID
You will need to set up a myGovID. Simply click on the link and follow the instructions. Please be aware that your application for a myGovID is completed through the app that you have downloaded onto your phone. You will need to ensure you achieve a Standard or Strong identity strength to be able to apply for your DIN.If you already have a myGovID, simply move to Step 2 below.
- Step 2 – Apply for your Director Identification Number (DIN)
From 1 November 2021 you will be able to apply for your DIN via the ABRS website.Setting up your myGovID, verifying your identity and applying for your DIN must be done by you. We are unable to do this on your behalf.
Do I need to apply for a DIN for each company I am a director of?
No, you only need one DIN. A DIN is a unique identification number that applies specifically to you, and you can use it for multiple companies.
Do I need to let Carbon Group know my DIN?
If Carbon is currently the ASIC agent for your company, then we will need to be provided with a DIN for each Director. We will ensure these are liked to company records we hold in our office.
We ask that you notify all Directors of the new requirement and the need to apply for a DIN.
To learn more about the Director Identification Number and its benefits to current and future Directors, access the article here.
For more information please get in touch your Carbon office directly or call 1300 454 174.