Asics

Once you have received a certificate of registration from the Australian Securities and Investments Commission (ASIC), you must keep records, documents and pay fees annually to maintain registration.

To keep abreast of requirements, your company will need to assign an agent to manage its regular obligations to ASIC in order to avoid penalties and sanctions by the government. The following documents and fees that your company must prepare, submit and pay to ASIC Annual:

1. Revision of annual rates. All companies registered with ASIC are required to pay this sum, whether or not the details contained in the company statement are correct. For private companies, also known as corporate owners, the annual review fee is $ 212. Payment of the annual examination fee may be paid in advance, otherwise it is payable within two months from the date of annual review to coincide with the anniversary of your business listing. To verify this date, you can connect to the national index of geographical names of the ASIC and use your Australian Company Number (ACN) as reference.

Late payment fee. If your company does not pay annual review on time, he must pay a late payment fee of $ 65, plus tax annual review. For payments over a month after the due date, your company will pay the late fee payment of $ 270 plus costs of $ 212 annual review.

2. Production changes. A few days before the anniversary of the incorporation of your company, ASIC will send you an annual statement that consists of a cover letter, your company statement and invoice for the collection of the annual examination fee. The company statement is a document showing the current coordinates of your company as they appear in the ASIC database. ASIC considers of utmost importance to keep accurate and complete records for all companies under its jurisdiction. Thus, ASIC will send you your company statement annually for you to review and verify.

If no changes in your company statement, all you have to do is pay the annual review of fees. If your company needs to report changes in the details in its company statement, you must complete and submit to the ASIC a Form No. 484 with the updated information.

The filing of Form 484 must be made within twenty eight (28) days from the date of issuance of your company statement. You must file your documents on time, otherwise you may need to pay for his deposit. If Form 484 is lodged within one month from the time they are due, your company will have to pay a late review fee of $ 65, plus fees for annual review. You must pay review fees of $ 270 late if you do not file your papers a month after the due date.

If the annual review fee and the filing of the declaration of partnership is updated late, your company may have to pay:

Annual Fee Review + + Late Payment Fee Fee Review Late

You must ensure the timely payment of examination fee and annual production of any changes in your company statement. You should immediately ring on your ASIC company statement if you have not received in a few days.

3. Resolution on the solvency. In addition to paying the annual fee review, ASIC requires the directors of all companies to adopt a resolution annual solvency. A resolution of solvency can be positive or negative. A positive resolution is passed if the directors believe that the company's assets are sufficient to meet all its obligations as they mature.

In such cases it is not necessary to submit a copy of the resolution to ASIC that the mere payment of the fee for annual review is a presumption of adoption of a positive solvency resolution. On the other hand, if the directors pass a negative solvency RESO.