As all Directors are now required by law to have a director identification number, we would like to remind you if you have not already been issued your director ID, to apply for your number as soon as possible to avoid penalties.

Failure to apply for a director ID before the due date is an offence under the Corporations Act 2001, and could result in penalties of up to $13,200 (criminal penalty), or $1,100,000 (civil penalty).

Please note registered tax agents and registered ASIC agents are prohibited from applying for the director ID on behalf of their clients. This is a personal responsibility. The link below gives instructions on how to apply.

https://www.abrs.gov.au/director-identification-number/apply-director-identification-number

If you have not already done so, please provide your director identification number to SBP.

If you have any queries please do not hesitate to contact our office.

Regards.

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