You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). The new requirement to obtain a director ID also applies to individuals who have an SMSF with a corporate trustee, which is why I wanted to bring this new requirement to your attention. For members of your SMSF that do not already have a director ID, they will need to apply for one, before they are appointed as a director of the SMSF corporate trustee.
Our latest white label document is aimed to help with enquiries from clients and details how to apply for a director ID and when.
At the time of publishing, the contents of this resource were accurate and correct.