In a media release, the Registrar of Australian Business Registry Services (ABRS), Chris Jordan states that ABRS will apply a pragmatic compliance approach to directors who are required to apply for a director ID by 30 November 2022. (see: https://www.ato.gov.au/Media-centre/Media-releases/Statement-from-ABRS-Registrar-Chris-Jordan-on-the-director-ID-deadline/)
The ABRS will not apply compliance resources to determine whether individuals met their director ID obligations by 30 November 2022 if they apply for a director ID by 14 December 2022.
Over 1.8 million directors have applied for their director ID, with almost 78,000 directors applying on 29 November 2022. With the total director population in Australia estimated to be more than 2.5 million, this means more than one-quarter, or around 700,000 directors still need to apply.
© 2022 CPA Australia Ltd
Comments