)
#EveryoneNeedsaPlan to Complete Director ID Requirements
Posted by G. Dean McKinnon
on 4 March 2022
The federal government is now introduced ID requirements for all company directors. All existing directors must complete the process by 30 November, 2022 but there are other requirements for new directors.
New directors appointed for the first time to a company between 1 November, 2021 and 4 April, 2022 must director ID within 28 days of their appointment.
From 5 April, 2022, all new company directors must apply for the director ID before being appointed as a director to a company.
Unfortunately, only the individual director can apply for their ID. ASIC agents, or anybody else, cannot apply on behalf of the director.
The process is fairly straightforward, but contact your ASIC agent, accountant or legal adviser if you require assistance.
McKinnon Financial Services is a registered ASIC agent and manages companies on behalf of our clients so we will be coordinating the requirements with our clients. Managing companies for some clients is an important part of their financial planning processes, so if you need help, do not hesitate to contact us and arrange a free initial appointment to discuss your Financial Planning requirements
New directors appointed for the first time to a company between 1 November, 2021 and 4 April, 2022 must director ID within 28 days of their appointment.
From 5 April, 2022, all new company directors must apply for the director ID before being appointed as a director to a company.
Unfortunately, only the individual director can apply for their ID. ASIC agents, or anybody else, cannot apply on behalf of the director.
The process is fairly straightforward, but contact your ASIC agent, accountant or legal adviser if you require assistance.
McKinnon Financial Services is a registered ASIC agent and manages companies on behalf of our clients so we will be coordinating the requirements with our clients. Managing companies for some clients is an important part of their financial planning processes, so if you need help, do not hesitate to contact us and arrange a free initial appointment to discuss your Financial Planning requirements
Author:G. Dean McKinnon
| Tags:Legal |
Post comment
