Insight

Mandatory Director Identification Numbers (Director ID): What you need to know

As of 1 November 2021, company directors and alternate directors are now required to apply for a director identification number (Director ID) with the ABRS (Australian Business Registry Services). This is a requirement of all directors: both Australians and foreigners. This quick guide aims to outline all you need to know and do to meet the requirements.

Mandatory Director Identification Numbers (Director ID): What you need to know
Ways to Maximise Your Super

A little goes a long way with compound earnings. The earlier in your working life you start paying attention to your super, the better off you will be at retirement. However, it’s never too late to take an interest in your super fund’s performance and take action to grow your super!

SMSF Administration
5 July 2021
Superannuation Rate Increase

From 1 July 2021, the super guarantee rate rose from 9.5% to 10% and will progressively increase until 2025. Depending on your current employment agreements will determine the impact to employees. For employees that are paid a rate plus superannuation their take home salary will remain unchanged and the increase will be added to SG payments.

Sign up to receive regular market updates from our leading accountants and business advisers.

Liability limited by a scheme approved under Professional Standards Legislation. © DFK Laurence Varnay. Web Design by Method Marketing.

DFK Laurence Varnay