Posts Tagged ‘Director ID’
Director IDs – late fines, extensions and registration bugs
Approximately 700,000 Australian Company Directors failed to meet the ATO deadline of 30 November to register for their Director ID number. Thankfully, the ATO has confirmed an extension until 14 December to get this done, or face a fine of up to $13,200. The mandatory system was introduced in 2021 to combat illegal phoenixing activity,…
Read MoreTime is running out to register for mandatory Director ID numbers
Almost two thirds, or 1.6 million company directors across Australia have not yet applied for their Director ID number. The ATO’s new registration scheme has a deadline of 30 November 2022 for directors appointed on or before 31 October 2021, so it is absolutely critical that directors of companies and SMSFs avoid having their head in…
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