ASIC Important Changes to Director ID Obligations
Changes to Australia’s business registers are being introduced to make them easier to use and more accurate
What you need to know
From 1 July 2027, new laws will require companies to provide director IDs to ASIC when updating company details. The changes will:
- reduce the risk of fraud and identity misuse
- improve the accuracy of company records
- make it easier to identify company directors
- improve the quality and usability of registry information.
How it will work
Companies will need to provide director IDs to ASIC through company reporting processes, including the annual review or when notifying changes to directors’ details. Over time, the companies register will display whether a company has provided director IDs for its directors. Further information and guidance will be provided before 1 July 2027.
What do I need to do now?
Check your company and director details are up to date. New laws from 1 July 2027 will change how director information is recorded. Keeping your details up to date now will help avoid delays or issues later.
Take a few minutes now to make sure your details are correct by visiting the Australian Business Registry Services:
- check your company details are up-to-date
- confirm all current directors are listed
- update any incorrect names, addresses or contact details.
Find out more
Visit the ASIC Website for further information and FAQs.
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