Australia's business registers are being updated to make them easier to use and more accurate. From 1 July 2027, new laws will require companies to provide director IDs to ASIC when updating company details.
What's changing
The changes are designed to:
- reduce the risk of fraud and identity misuse
- improve the accuracy of company records
- make it easier to identify company directors
- improve the quality and usability of registry information
How it will work
Companies will need to provide director IDs to ASIC through company reporting processes, including the annual review or when notifying changes to directors' details.
Over time, the companies register will display whether a company has provided director IDs for its directors.
Further information and guidance will be provided before 1 July 2027.
We will update this article as more information becomes available, including any changes to CAS 360 forms or workflows to support the new reporting requirement.
What you need to do now
New laws from 1 July 2027 will change how director information is recorded. Keeping your company and director details up to date now will help avoid delays or issues later.
Take a few minutes to make sure your details are correct:
- check your company details are up to date
- confirm all current directors are listed
- update any incorrect names, addresses or contact details.
FAQs
Who is impacted by these changes?
These changes apply to companies and company directors, including where an individual is a director of a registered Australian body or a registered foreign company.
What if my company has multiple directors?
You'll need to collect the director ID of each of your current directors and provide them to ASIC.
Where can I go to update my details?
Australian Business Registry Services (ABRS), part of the Australian Taxation Office, is responsible for verifying director identities and administering director IDs.
ASIC is responsible for registering companies, adding director ID information into the companies register, and enforcing director ID obligations.
I received a flyer about this with my company annual statement. What is it?
Some companies have received an information flyer from ASIC alongside their annual statement pack. The flyer provides early notice of these changes for awareness only; there is no immediate change to your obligations. Further information and guidance will be provided before 1 July 2027.
Find out more
Visit asic.gov.au for further information.