Document ID: chunk:federal_register_of_legislation:F2022L00331:body:0:p3
Version: federal_register_of_legislation:F2022L00331
Segment Type: other
Provision Reference: 
Character Range: 5915–8981

1: The time in which an individual is required to have a director ID under the Corporations Act 2001 is set out in section 1272C of the Corporations Act 2001 (subject to section 1653 of the Corporations Act 2001) and may be extended under section 1272E of the Corporations Act 2001.
Note 2: The time in which an individual is required to have a director ID under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 is set out in section 308-20 (subject to item 9 in Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020) of the Corporations (Aboriginal and Torres Strait Islander) Act 2006 and may be extended under section 308-30 of the Corporations (Aboriginal and Torres Strait Islander) Act 2006.
         (2)               An individual who has a director ID may request the Registrar to update the following:
             (a)               the individual's name;
             (b)               the individual's addresses; and
             (c)                the contact details.
         (3)               An individual, who has a director ID must inform the Registrar of any errors or corrections to the information provided under section 5 of this instrument.

9.                  How the Registrar uses the information
         (1)               The Registrar may use director ID information collected to establish the identity of the individual for the purposes of giving the individual a director ID and maintaining the accuracy of director ID information.
         (2)               The Registrar may make a record of information collected or generated in the course of processing the individual's director ID application or subsequent updates or corrections of the director ID information.
Note: Information collected under this data standard is "protected information" within the meaning of section 9 of the Corporations Act 2001 and section 5 of the Commonwealth Registers Act 2020 and is subject to the secrecy and disclosure provisions in Part 9.1 of the Corporations Act 2001 and Part 4 of the Commonwealth Registers Act 2020.
         (3)               The Registrar may confirm that the information provided by an individual in an application for a director ID or an update or correction is correct by validating, verifying or authenticating information collected and stored by the Registrar.
         (4)               The Registrar may use the director ID information for the performance of the Registrar's functions and exercise of the Registrar's powers, which may include the Registrar facilitating the director or associated entities to meet their obligations under the Corporations Act 2001 and the Corporations (Aboriginal and Torres Strait Islander) Act 2006.

10.              How the Registrar must record and store information
The Registrar must record and store information provided to, or other information generated by, the Registrar in a secure environment.
Note: Records Authorities may be issued by the National Archives of Australia in accordance with the Archives Act