ASIC Company Compliance
Every year a company must report to the ASIC (Australian Securities & Investments Commission) to primarily advise that the company is continuing to trade and will continue with its activities for the next 12 months.
All companies are required to complete an annual return and pay an annual fee of $230.00 on the anniversary of its registration date.
In response to the annual statement being issued by ASIC, you are required to complete the following steps within the times specified:
- Check Company Statement;
- Change company details within 28 days (if required we will lodge a Form 484);
- Pay Annual Review Fee within 2 months of review date; and
- Pass a Solvency Resolution within 2 months of review date.
It is important that changes to the company’s register are notified to ASIC throughout the year at the time the change is occurring. However, if for some reason the change is not notified, it must be notified and ASIC forms lodged within 28 days of the review date in that annual review year. If the change is not notified then, you will be charged additional late ASIC form lodgement fees.
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