There are more than 2.5 million companies registered in Australia.
Last fnancial year, ASIC registered a record 249,000 new companies.
Many Australian businesses operate using the corporate form, which ofers
features such as limited liability. In return, companies must comply with
various obligations including keeping ASIC’s corporate register up to date.
ASIC manages Australia’s corporate register and makes the information
on it available for searching by the public and government. Our registers
are highly used. Last year there were more than 54.6 million searches
of the companies register. Popular searches include current extracts of
company particulars, such as addresses and ofceholders, and copies of
fnancial accounts lodged by the larger companies. Our data is used by the
government, business, academics, researchers, fnancial lenders and credit
agencies, among others. Given its clear value, it is important the information
available for searching is up-to-date and accurate. By law, companies are
required to meet obligations around this, notifying changes of details to
ASIC soon after they occur.
Keep up to date
Responsibilities of company ofceholders are summarised on the
ASIC website. Common changes you need to tell us about, usually
within 28 days of the date of change, are:
- Addresses (registered ofce, principle place of business and
- Ofceholders (names, addresses, changes of name)
- Members and share structure (changes to top 20 members
for Pty Ltd companies)
- Share structure
- Ultimate holding company, if applicable
- Changes of company name.
Companies can lodge information directly with ASIC or through an agent.
Company ofceholders who wish to deal with ASIC directly can update
information through the company officeholder portal on our website.
part of good
Alternatively, some companies use agents who lodge directly through our
registered agent portal, or by using a commercial software product.
Do an annual review
As an ofceholder, it’s not always easy to stay
across everything. ASIC facilitates an annual
review process to support compliance. It
includes providing each company with:
- A statement of company details to review.
ASIC must be notifed of any changes
- An annual review fee invoice ($254 for Pty Ltd
companies; $1201 for public companies)
- A reminder to pass a solvency declaration and
notify ASIC if it is negative or not passed.
Get compliance right
Whether you handle routine obligations
personally or by delegating to others,
knowing that your company is meeting its
legal obligations is part of good corporate
governance. Compliance avoids costly late fees
(which raise around $24 million annually),
most of which can be avoided. You can prevent
regulatory actions such as deregistration of
your company for failure to pay the annual
review fee, or more serious civil and criminal
penalties. And importantly, keeping your details
up to date means that other people doing a
search on your company will get complete and
If you’re unsure about your compliance
record, ask questions within your company and
search your company on our public register.
For more information on how to keep your
details up to date, call 1300 300 630 or visit