From 1 July 2027, companies will need to provide director IDs to ASIC as part of some company updates.
This may include:
- annual company reviews;
- appointing a new director;
- removing a director;
- updating director details.
What is a director ID?
A director ID is a unique number given to a company director. A director keeps the same number for life, even if they become a director of another company. Once you have your director ID, you can view, update and manage your details online at any time by visiting abrs.gov.au.
Do you need to do anything now?
No. There is no action required yet – but if you think of becoming a Director, it’s worth applying now. However, ASIC recommends checking that all director details are correct and up to date.
This includes:
- full name;
- address;
- date of birth; and
- contact details.
If a director’s details have changed since they received their director ID, they should update them with ABRS.
Why is this important?
The details held by ASIC and ABRS should match. This will help avoid delays or problems when the new rules start. ASIC will provide more information before 1 July 2027. Need help checking or updating your company details? Contact the BTMH team.
