On 28 August 2023, The Hon Stephen Jones MP, Assistant Treasurer and Minister for Financial Services, announced the cessation of the Modernising Business Registers (MBR) program, following an independent review completed in July.
Director ID and the Australian Business Register (ABR) will continue to be administered by the ATO.
The Modernising Business Registers (MBR) program delivered Australian Business Registry ServicesExternal Link (ABRS) and director IDExternal Link.
Director ID builds a fairer business environment and helps prevent the use of false and fraudulent director identities.
If you're currently a director or plan to become one in the next 12 months, you’ll need a director ID. This includes anyone who is a director of a company or other body corporate registered under the Corporations Act 2001 or the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act).
We will work with Treasury and the Australian Securities and Investments Commission (ASIC) to implement the government’s decision and plan the way forward for the modernisation of business registers.
For now, how you register, search, get extracts of the registers, and interact with ABRS, the ABR and ASIC remains the same.
Find out about how to get a director IDExternal Link.The Modernising Business Registers (MBR) program delivered Australian Business Registry Services (ABRS) and director ID.