What is a Director Identification Number?
A Director Identification Number (DIN) is a unique identification number for each eligible individual, which once issued, will remain with that individual for all directorships.
An ‘eligible officer’ of a company, a registered Australian body corporate or registered foreign company, will need to apply for a DIN. An ‘eligible officer’ is someone appointed to the position of director, or as alternate director and is acting in that capacity, or any other officer that is of a kind prescribed by the regulations.
So, this will apply to all current and new company directors. The DIN regime will ensure that the holder of a DIN is identified by their true identity and will allow traceability of directors’ relationships with different companies over time.
The DIN will be kept for life.