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Existing company directors who were appointed as a company director before 31 October 2021 have until 30 November 2022 to apply for a Director Identification Number (DIN).
Directors who have not yet applied for a DIN are reminded that they should do so as soon as possible, and in any case no later than 30 November 2022.
The new DIN regime was designed to improve ASIC’s ability to track directors who may be acting outside the law and there are both civil and criminal penalties (including potential imprisonment) for existing directors who fail to comply with the regime.
To find out about the new DIN regime and who is required to apply, please read our handy application guide.
New directors are reminded that they are required to apply for a DIN prior to being appointed as a director of an Australian company.
Applicants should visit the Australian Business Registry website to apply.
If you have any questions regarding applying for a DIN and the legal implications of doing so, contact our Commercial Team for timely and expert advice.
The information contained in this article is general in nature and cannot be relied on as legal advice nor does it create an engagement. Please contact one of our lawyers listed above for advice about your specific situation.
Existing company directors who were appointed as a company director before 31 October 2021 have until 30 November 2022 to apply for a Director Identification Number (DIN).
Directors who have not yet applied for a DIN are reminded that they should do so as soon as possible, and in any case no later than 30 November 2022.
The new DIN regime was designed to improve ASIC’s ability to track directors who may be acting outside the law and there are both civil and criminal penalties (including potential imprisonment) for existing directors who fail to comply with the regime.
To find out about the new DIN regime and who is required to apply, please read our handy application guide.
New directors are reminded that they are required to apply for a DIN prior to being appointed as a director of an Australian company.
Applicants should visit the Australian Business Registry website to apply.
If you have any questions regarding applying for a DIN and the legal implications of doing so, contact our Commercial Team for timely and expert advice.