Director identification numbers (director IDs) and your SMSF

Learn what a director ID is, why it's a legal requirement for corporate trustees, and how to apply for one before you set up or run an SMSF.

If you've decided to set up a self-managed super fund (SMSF) with a corporate trustee structure, you're required by law to hold a director identification number (or director ID). Learn what a director ID is, why it's legally required, and how to apply for one.

 

What's a director ID?

It's a unique 15-digit identifier issued by the Australian Business Registry Services (ABRS) to a director who has verified their identity. It helps prevent the use of false or fraudulent director identities and helps regulators trace directors' relationships with companies over time. 

Your director ID is unique to you and stays with you for life, even if you change your name, move, change companies or stop being a director. 

Learn more: Director identification number | About director ID - ABRS

Do I need one?

It depends on the trustee structure of your SMSF:

  • Corporate trustee structure: Yes, every person appointed as a director (or acting as alternate director) of an SMSF corporate trustee company must hold one 
  • Individual trustee structure: No, you don't need one if you're acting as an individual trustee of an SMSF 

 

When should I apply for one?

Anyone who plans to become a director of an SMSF corporate trustee must get an ID before they're appointed. 

All existing directors are legally required to already have an ID.

Important

If you're required to have a director ID, you must apply within the required timeframe. Failing to obtain a director ID when required is an offence, and penalties may apply.

How to apply

It's free to apply and can be done online directly through the ABRS website. Here's how to get started: 

1. Prepare your digital identity

To apply online, you'll need a myID app set up on a compatible device. You'll need at least a Standard or Strong identity strength. 

Note: myID was previously known as myGovID. It's different from your myGov account.

2. Have your details ready

You'll need to provide information to verify your identity when applying for a director ID. What you need will depend on your myID identity strength. 

Check the ABRS guidance before you apply to see what information and documents you'll need

3. Complete your application

Log in to the ABRS portal (abrs.gov.au) using your myID, and follow the prompts to confirm your details and submit your application. If your identity is verified online, you'll usually receive your director ID straight away.

What to do once you have your ID

  • Store your ID securely with your financial records 
  • Share it with the person responsible for keeping your corporate trustee's records, such as your SMSF administrator or tax agent

Privacy note

You must verify your identity yourself when applying for a director ID. An accountant, adviser or SMSF administrator cannot apply on your behalf.

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Distributed by Commonwealth Bank

Things you should know

SMSFs are complex and involve legal, administrative and compliance responsibilities. SMSF trustees (or directors of a corporate trustee) are responsible for managing the fund and ensuring it complies with all applicable requirements such as superannuation, tax and trustee obligation.

This article is intended to provide general information of an educational nature only. The information may include general advice but does not take into account your individual objectives, financial situation, needs or tax circumstances, and so you should consider the appropriateness of the advice having regard to your circumstances before acting on it. Where applicable, you should obtain and read the relevant Product Disclosure Statement (PDS) and other important disclosure documents before making a decision about acquiring or continuing to hold a product. You should consider seeking independent professional financial, tax and/or legal advice before making any decision based on this information.

The above information is not tax advice. Taxation laws are complex and subject to change. Commonwealth Bank does not provide tax (financial) advice under the Tax Agent Services Act 2009 (Cth). You should consider seeking independent tax advice from a registered tax agent, accountant or adviser before you make any decisions based on this information.

The information in this article and any opinions, conclusions or recommendations are reasonably held or made, based on the information available at the time of its publication but no representation or warranty, either expressed or implied, is made or provided as to the accuracy, reliability or completeness of any statement made in this article.