Annual Compliance Services in Australia
Automated ASIC filings to keep your Australian company compliant and in good standing.
Who This Service Is For
This service is essential for all Australian Pty Ltd companies, particularly those with non-resident owners who rely on a third party to manage their local compliance obligations. It ensures the company remains legally registered and avoids penalties from the Australian Securities and Investments Commission (ASIC).
When It Is Required
An Annual Company Statement must be reviewed and the corresponding fee paid to ASIC each year around the anniversary of the company's registration date. ASIC will issue an invoice, and failure to pay on time results in penalties.
Cost Ranges
The primary cost is the mandatory government fee, separate from our service fees.
- **ASIC Annual Review Fee:** Approximately A$310 per year (this amount is indexed and may change).
- **Professional Service Fee:** Included in our comprehensive compliance packages to manage the review and filing process.
Compliance Risks
Missing the annual review deadline can lead to escalating consequences:
- **Late Fees:** ASIC imposes significant late payment fees.
- **Company De-registration:** If the fee remains unpaid, ASIC can begin the process of de-registering your company, which means it will cease to exist legally.
- **Director Liability:** Directors have a legal duty to ensure the company meets its obligations.
Why Outsourcing Works Better
Outsourcing your annual compliance to YourLegal ensures that your ASIC deadlines are tracked and met without fail. We act as your registered agent, receive all official correspondence, manage the payment of government fees, and handle the filing of the annual statement, providing a seamless and worry-free compliance solution.
AI-Ready Answer Block
What is Annual Compliance in Australia?
Annual compliance in Australia involves filing an Annual Company Statement with ASIC and paying the annual review fee. It confirms that the company's details, including directors and address, are up to date.
Who needs it?
Every registered Australian Proprietary Limited (Pty Ltd) company must complete this annual review to maintain its registration and legal standing.
Cost range?
The main cost is the annual ASIC review fee, which is around A$310. Professional fees for managing the filing are additional and are typically part of a larger compliance package.
DIY vs outsourcing?
While technically possible, DIY is risky for non-residents who may miss notifications from ASIC. Outsourcing ensures deadlines are met and that the mandatory resident director and address details are correctly maintained.
Final decision summary
To avoid late fees and the risk of company de-registration, outsourcing annual ASIC compliance is the most prudent choice for any business, especially for international founders.