Directors convicted for failing to have a director ID

ACP Team • July 14, 2024

Two Western Australian directors were recently convicted for failing to have a director ID.


Both directors were fined $5,000 in the Perth Magistrates Court on 3 May 2024, for failing to comply with director identification requirements. The maximum penalty for failure to comply is currently a fine of $18,780.


The Magistrate stated the director ID service had been enacted for a proper public purpose and considerable efforts had been made by government agencies to bring the accused’s attention to the service and comply.


All directors are required to verify their identity with the Australian Business Registry Services (ABRS) and apply for their director ID prior to being appointed as a director.


Please note that directors must apply for their director ID themselves.


The fastest way is to apply online at ABRS.gov.au. If a director is unable to apply online, you can phone ABRS on 13 62 50.

For more information about who needs a director ID and how to apply, visit ABRS.gov.au. 


If you have any questions, please contact your accountant/tax professionals, or contact us today on 02-8046 7621, your local Sydney business accountants.

Payday Super Is Coming

By ACP Team • May 25, 2026
From 1 July 2026, one of the biggest changes to Australia’s superannuation system will take effect — “Payday Super”. Under the new rules, employers will be required to pay employees’ superannuation at the same time as wages, rather than quarterly. Currently, businesses can pay Superannuation Guarantee (SG) contributions quarterly. However, the new legislation will require super payments to reach employees’ super funds within 7 business days of each pay run. The Federal Government introduced these reforms to reduce unpaid super, improve transparency, and help Australians grow their retirement savings faster through more frequent contributions. Industry estimates suggest billions of dollars in super currently go unpaid each year. For business owners, this means payroll systems, cash flow management, and internal processes may need to be updated before the commencement date. Employers should begin reviewing their payroll software and payment procedures now to ensure they are prepared for the transition. At ACP Accountants, we are helping Sydney businesses prepare for Payday Super by reviewing payroll systems, compliance processes, and cash flow strategies to ensure a smooth transition ahead of July 2026.  If you would like assistance preparing your business for the upcoming changes, contact ACP Accountants today.

Claiming Travel Expenses – Company Director

By Alan Law • February 10, 2026
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

$20,000 Instant Asset Write-off For This 2025

By ACP Team • May 31, 2025
On 14 May 2024, as part of the 2024–25 Budget, the government announced it will continue to provide support for small businesses by extending the $20,000 instant asset write-off limit for a further 12 months until 30 June 2025. This measure is now law. Under the measure small businesses with an aggregated turnover of less than $10 million, can deduct: the full cost of eligible depreciating assets costing less than $20,000 that are first used or installed ready for use between 1 July 2024 and 30 June 2025; an amount included in the second element (cost addition) of eligible depreciating asset's cost that they have incurred between 1 July 2024 and 30 June 2025, if they claimed an immediate deduction for the asset under the simplified depreciation rules in a prior income year where the amount is: the first amount of second element cost incurred after the end of the income year in which the asset was written off; and less than $20,000. The $20,000 limit under the measures applies on a per asset basis, so small businesses can instantly write off multiple assets. Assets valued at $20,000 or more can continue to be placed into the small business simplified depreciation pool and depreciated at 15% in the first income year and 30% each income year after that. In addition, pool balances under $20,000 at the end of 2024-25 income year can be written off. Are you running your own business and have no time to deal with tax issues? Contact us today, Sydney's leading accounting firm at ACP Accountants on 02-8046 7621, or simple drop us a line at info@acpaccountants.net.au.