ASIC has recently notified their new schedule of fees, being:

• Late fee if document is received (lodged) within one month after the prescribed time – was $93 now $96
• Late fee if document is received (lodged) more than one month after the prescribed time was $387 now $401

• Annual review fee – was $310, now $321 – if paid before the due date (note: if ASIC received the payment on the due date, it’s considered late)
• Late fee if payment for annual review is received (by ASIC) within one month after the due date – was $93 now $96
• Late fee if payment for annual review is received (by ASIC) more than one month after the prescribed time – was $387 now $401.

When we send the annual review packs to clients, we highlight the importance of paying by the due date and our automated system is designed to send reminders to clients to assist in the management of the pay by date (ASIC deadline). Those reminders stop once the fee is paid. 

All other ASIC fees have also had an increase including application for registration as an Australian company; reserving a company name; and business name renewals.