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READ MOREATO sets record straight on director ID requirements
While some directors who previously resigned will still be required to apply for a director ID, the ATO has assured SMSFs that deceased directors will be completely exempt.
Last month, the SMSF Association received confirmation from the ATO that obligation to obtain a director ID also applies to any client who was a director on or before 31 October 2021, even if they have since resigned from all directorship roles and have no intention to ever be appointed in the role of director of any Australian or foreign company.
Following this, there have been concerns raised that some SMSFs might receive notices or requests from Australian Business Registers Services instructing deceased directors to obtain a director ID.
Read more at SMSF Adviser
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