Our registered agent services are suitable for company's who wish to outsource their compliance responsibilities in order to reduce administrative burden and focus time on their organisation's core value-add activities.

Registered Agent Services (Annual Review) | $132.00 ($11.00 per month)

  • Appoint ABN Australia as your company's ASIC Registered Agent.
  • We maintain your company's corporate registry details with ASIC using EDGE approved software.
  •  We complete your company's Annual Review Statement and directors solvency resolution each year.
  •  We reduce your company's administrative burden, and help you avoid ASIC late fees and penalties.
  • Trusted by the professionals - we already act as registered agent for over 1500 companies. 
  • Volume discounts available for accounting firms - please get in contact for a quote
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Product Overview

ASIC Registered Agents act as intermediaries between officeholders of Australian companies and ASIC to help companies meet their lodgement obligations more efficiently. As the company’s ASIC agent, ABN Australia:

  • receive all correspondence from ASIC relating to the company annual review statement and fees payable;
  • send ASIC invoice statements to you for fees due or any late fees that need your attention;
  • are able to download a current ASIC search and debt reports for the company at no cost;
  • prepare the company's ASIC Annual Review Company Statement and directors solvency resolution and send them to you;
  • use our ASIC EDGE approved software which means you no longer are required to administer Corporate Keys for each company;
  • lodge ASIC documents for each company so that you have proof of receipt of lodgement at ASIC;
Details of every company registered in Australia are kept on ASIC’s corporate register. Corporations Law requires registered companies to keep and maintain appropriate statutory records in relation to directors, shareholders and other matters. In addition to the ongoing maintenance requirements, each company has an obligation to review the company statement issued by ASIC each year to ensure that the database of ASIC matches the office holder and shareholder ownership of the company.


From the Knowledge Base

What is the ASIC Annual Statement?

Each year, ASIC send your company an annual statement shortly after the annual review date (which in most cases is the date you registered the company). Your annual statement will contain:

  • a statement of your company's current details,
  • an invoice for you company annual review fee, and
  • your company's corporate key

What do i need to do with my Annual Statement?

To keep your company registered, you must complete the following steps.
Step 1: Pay your annual company review fee
Step 2: Check and update your company details
Step 3: Pass a solvency resolution

What is the Annual Solvency Resolution?

Company directors must pass and store a solvency resolution within two months of the annual review date, unless you have lodged a financial report with ASIC in the past 12 months. A solvency resolution is made by the directors of a company that, in their opinion, the company can or cannot pay back its debts when they are due. The directors must have a reasonable basis for their opinion and the resolution must be passed by a majority.

What if there are changes to my company details?

Check the details on your annual statement carefully. If any details are incorrect, you can change your company details by lodging a Change to company details (Form 484) with ASIC. This includes changes to your addresses, share structure, officeholders and members. You will need your corporate key to make changes online. You can find your corporate key on your most recent annual statement. 

You must lodge changes with ASIC within 28 days of the annual statement issue date, or a further late fee will apply. While you only receive one annual statement each year, changes to your company details must be lodged as they occur, to avoid a late lodgement fee. A company may be charged both a late lodgement fee and a late review fee.

What changes to the Company do I need notify ASIC about?

Either a director of the Company or the secretary of the Company must notify ASIC (by lodging an ASIC form 484) if any of the following occurs:

  • Change of a company's registered office or principal place of business address;
  • Change of name of officeholder or proprietary company members;
  • Change of ultimate holding company details;
  • Cease an officeholder;
  • Appoint an officeholder;
  • Change to special purpose company status;
  • Issue of shares;
    Cancellation of shares;
  • Transfer of shares; or
  • Changes to amounts paid on shares.

Charge on company property (for example to secure a loan) must be notified to ASIC within 45 days from the creation of the charge.
Change of company name must be notified to ASIC within 14 days after the resolution was passed.
Division or conversion of shares must be notified to ASIC within 14 days from the date of change.
Reduction in share capital must be notified to ASIC before the notice of meeting for the reduction in share capital (at least 22 days before the members' meeting).

Share buy back must be notified to ASIC:

  • If buy back is conditional on a resolution being passed, then a form 281 must be lodged at least 14 days before the resolution is passed.
  • If buy back is not conditional on a resolution being passed and a Form 281 is required, then a form 281 must be lodged at least 14 days before agreement is entered into.

Can I outsource corporate registry maintenance?

ABNAustralia offers the clients the ability to outsource their company compliance from just $11 per month ($132 annual fee). This includes completion of the annual ASIC review, as well as lodgement of company changes with ASIC as described above.

Established in 1976, ABN Australia has helped more than 100,000 businesses choose and establish their preferred business structure here in Australia. Our longevity is a testament to the high level of customer service we provide, and the wealth of experience we bring to the table.

 

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