The government has created a new department called Australian Business Registry Services (ABRS). This has been set up to create a register of all company Directors. The primary reason for this is to avoid fraudulent activities e.g. phoenix companies. If you are a company director or officeholder, you must apply for a DIN. You will need a Mygovid prior to setting up your DIN. Please note, this is different to Mygov. To apply for your DIN, you can follow these steps: 1. Go to this link 2. Setup Mygovid (if you haven't already) 3. Gather your documents 4. Complete your application Provided you have a Mygovid, the whole process should only take 5-10 minutes. If you are establishing a company as of today, you will require a DIN prior to establishment.
For existing companies, you need to register your DIN prior to 30 November 2022
Further details can be found here.
When you’re ready to get what you want and truly deserve out of your business, we’re here to help
Here are a few ways we can help you
The information contained on this website is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice.
.jpg)
The Emergence of Child Maintenance Trusts
This article discusses the 5 layers of asset protection available for SME owners.