A quick reminder that:
🔸 Directors can apply for a Director Identification Number (DIN) now;
🔸 Current directors must have applied for a DIN by 30 November 2022.
What is the DIN?
🟡 The DIN scheme has been implemented to deter and penalise phoenix activity.
🟡 Director ID is a new requirement for all directors. If you’re a director of a corporate trustee of an SMSF this also applies to you.
Directors can apply for a director ID now on the new Australian Business Registry Services:
https://www.abrs.gov.au/director-identification-number