Director Identification Number (DIN) Update

It is a while since we posted our initial blog on this new requirement.  With that in mind, it is now time for an update and reminder.

A phase-in registration process started late last year under which all Australian directors are required to have applied for their Directors Identification Number (DIN).

You can read more by clicking here

But the critical requirement is adhering to the timetable of when you must apply for your DIN:-

• If you were a director by 31^st October 2021 – by 30^th November 2022
• If you become a first time director after 31^st October 2021 but before 5^th April 2022 – within 28 days of appointment.
• After 4^th April 2022 – before appointment.

The original wording of this timetable was, to say the least, poorly phrased and confusing.  Thankfully, it has now been clarified.  It is now crystal clear that a person who was a director before November 2021 has until October 2022 to apply for their DIN.

Last year when applying for state grants we had to gain and upload copies of sensitive documents such as passports and drivers’ licenses.  We therefore fid it odd that we are not permitted to apply for clients.  It is also odd from the viewpoint that many clients will be unable or uncomfortable in applying.

That said, the paper application form is now available – you can find it at click here

It remains unclear how those will be able to apply where they don’t hold certain key documents.  Same too where one has documents issued in their middle name, incorrectly spelt versions and the like.

And please remember to notify us when you have been issued with your number.

At MRS, we will spend today planning for your success.