Monthly update, December 2021

Have you obtained your director ID? Make sure you do.

The director identification number (director ID) regime is now in place with Australia’s newest company directors having to comply first.

Director IDs are a unique 15-digit identifier that a director will apply for once and will keep forever, similar to a tax file number (TFN). A director can only have one director ID and they must use it for all relevant entities.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.