Director IDs: ASIC Collection Requirements Are Coming

Director IDs: ASIC Collection Requirements Are Coming

Acis Legal, current as of: 29 July 2026.

The Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Bill 2026 passed parliament on 29 June 2026, introducing key changes to the collection of Director Identification Numbers (Director IDs).

From 1 July 2027:

  • Director IDs will be fully embedded in ASIC’s Companies Register. 
  • Company officeholders will be required to give their Director ID to a company within 7 days of their appointment.
  • Companies will be required to provide officeholders’ Director IDs to ASIC as part of company registrations, notifications of officeholder appointments/cessations and annual reporting. 
  • ASIC will be empowered to disqualify an individual from managing corporations for up to three years for Director ID non-compliance (from 1 July 2026).

Given the significant period of time between Director ID requirements first being introduced (November 2021) and Director IDs being collected by ASIC (July 2027), it is recommended that early client communication is undertaken ahead of the 1 July 2027 changes to ensure that Director IDs are known or accessible. Find out more from ASIC: Important changes to Director ID obligations

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