Important changes to director ID obligations

From 1 July 2027, companies will be required to provide their directors’ director identification numbers (director IDs) to ASIC.

The new reporting requirements are intended to strengthen the accuracy and integrity of company records. Here is what companies need to know and how to prepare.

How the director ID changes will work

Companies will provide director IDs to ASIC through existing company reporting processes, including:

as part of the company’s annual review
when notifying ASIC of changes to directors’ details.

Over time, the companies register will show whether a company has provided director IDs for its directors.

The changes are designed to:

reduce the risk of fraud and identity misuse
improve the accuracy of company records
make company directors easier to identify
improve the quality and usability of registry information.

ASIC will release further information and guidance before the requirements commence on 1 July 2027.

What should companies do now?

Companies should check that their registered details and directors’ information are complete and accurate.

Taking action now may help prevent reporting delays or other issues when the new requirements begin. In particular:

check that the company’s registered details are current
confirm that all current directors are listed
correct any inaccurate names, addresses or contact details
ensure each director has applied for and retained their director ID.

Find out more about director ID compliance

ASIC will continue to publish information and guidance ahead of 1 July 2027. We will provide further updates as more details about the reporting process become available.

If you need assistance reviewing or updating your company details, contact our team.

Important changes to director ID obligations