1. Name of instrument
1. Name of instrument
1. Name of instrument
This instrument is the Corporations (Transitional) Director Identification Number Extended Application Period 2021.
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Commonwealth legislation
This instrument extends the deadline for certain new company officers to apply for a director identification number (director ID). People who became eligible officers between the application day and 31 October 2021 now have until 30 November 2022 to apply. It affects individuals who newly became eligible officers; they must complete an application by the new deadline, creating a discrete compliance task, while the Registrar and Minister control commencement and transitional timing under the Corporations Act.
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Direct links to the current provisions in Corporations (Transitional) Director Identification Number Extended Application Period 2021.
This instrument is the Corporations (Transitional) Director Identification Number Extended Application Period 2021.
This instrument commences on the later of:
the day after it is registered on the Federal Register of Legislation; and
the day on which Part 9.1A of the Corporations Act 2001 commences.
This instrument applies from the day the Registrar is appointed for the purposes of Part 9.1A of the Corporations Act 2001.
| The commencement of the director ID legislation will trigger the requirement for eligible officers to have a director identification number (director ID). Individuals who were not an eligible officer prior to the commencement of the director ID legislation (new eligible officers) are required in the transitional period (first 12 months after the legislation commences) to apply for a director ID within 28 days of becoming an eligible officer.This instrument extends the application period in which new eligible officers are required to apply for a director ID if the individual becomes an eligible officer in the period;starting when the director ID legislation commences, andending 31 October 2021. |
|---|
In this instrument:
Act means the Corporations Act 2001
director ID means director identification number
director ID legislation means Schedule 2 of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020
transitional application period means the period the Minister specifies by legislative instrument for the purposes of subsection 1653(2) of the Corporations Act 2001
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) application day;
(b) eligible officer;
(c) Registrar.
For the purposes of subsection 1272E(2) of the Act the following class of person is defined for the purposes of allowing an extended period to apply for a director ID.
A person falls within the class if the person:
was not an eligible officer immediately before the application day; and
becomes an eligible officer within the period:
starting on the application day, and
ending 31 October 2021.
7. Extended application period
For the purposes of paragraph 1272C(2)(a)(iii) of the Act a person within the class defined by section 6 has until 30 November 2022 to apply for a director ID.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This instrument is the Corporations (Transitional) Director Identification Number Extended Application Period 2021.
This instrument commences on the later of:
the day after it is registered on the Federal Register of Legislation; and
the day on which Part 9.1A of the Corporations Act 2001 commences.
This instrument applies from the day the Registrar is appointed for the purposes of Part 9.1A of the Corporations Act 2001.
| The commencement of the director ID legislation will trigger the requirement for eligible officers to have a director identification number (director ID). Individuals who were not an eligible officer prior to the commencement of the director ID legislation (new eligible officers) are required in the transitional period (first 12 months after the legislation commences) to apply for a director ID within 28 days of becoming an eligible officer.This instrument extends the application period in which new eligible officers are required to apply for a director ID if the individual becomes an eligible officer in the period;starting when the director ID legislation commences, andending 31 October 2021. |
|---|
In this instrument:
Act means the Corporations Act 2001
director ID means director identification number
director ID legislation means Schedule 2 of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020
transitional application period means the period the Minister specifies by legislative instrument for the purposes of subsection 1653(2) of the Corporations Act 2001
Note: A number of expressions used in this instrument are defined in the Act, including the following:
(a) application day;
(b) eligible officer;
(c) Registrar.
For the purposes of subsection 1272E(2) of the Act the following class of person is defined for the purposes of allowing an extended period to apply for a director ID.
A person falls within the class if the person:
was not an eligible officer immediately before the application day; and
becomes an eligible officer within the period:
starting on the application day, and
ending 31 October 2021.
7. Extended application period
For the purposes of paragraph 1272C(2)(a)(iii) of the Act a person within the class defined by section 6 has until 30 November 2022 to apply for a director ID.