ASIC Compliance

1. Pay Annual Statement renewal (see attached below) - this is DUE APRIL 10 every year 

2. Pass solvency resolution (as part of EOFY statements prepared by accountants)

3. Ensure all details are up to date (address)

• ASIC CONNECT - WEBSITE

• • ASIC Connect is an online service for registering and updating registry details with ASIC. ... Currently, business name, SMSF auditor, and AFS representative transactions are available through ASIC Connect. You can also use ASIC Connect to search our registers.

• ASIC OFFICE HOLDER - WEBSITE

  • update our company's details (e.g. your officeholder details), you can use ASIC's online services.

• https://asic.gov.au/for-business/running-a-company/company-officeholder-duties/

Each year, ASIC will send our company an annual statement and invoice within a few days of its review date. This is usually on the anniversary of the company's registration date. As part of this, you need to:

• check your statement and make sure all your details are up to date

• pay your annual review fee by the due date, and

• pass a solvency resolution.

A solvency resolution is a declaration made by the officeholders that the company can pay all its debts when they are due. It should be made within 2 months of the annual review date and kept securely with your company's records.

We'll always send your annual statement and invoice around your annual review date, so keep it in mind. If you haven't received it within two weeks, contact us. Fees will apply if you pay late.