The ASIC annual review explained: what it is and when it is due
Every company registered with ASIC gets an annual review on the anniversary of its registration. It is one of the easiest obligations to forget because it only happens once a year — and one of the more expensive to miss, because the late fees escalate quickly. Here is what the annual review involves and how to make sure it never catches you off guard.
Complia is an organisational tool that tracks dates and preparation steps. It is not tax, legal or financial advice and does not replace your accountant.
What the ASIC annual review actually is
Shortly before each anniversary of your company registration, ASIC issues an annual statement listing the company details on the register — address, officeholders, share structure and members. Your job is to check those details are correct, pay the annual review fee, and confirm the company can pay its debts via a solvency resolution. It is a confirmation exercise, not a tax return.
When it is due
The annual statement is issued on your review date — the anniversary of registration. The annual review fee is then due within two months of that date. Because the date is tied to registration rather than the financial year, it rarely lines up with your BAS or income tax dates, which is exactly why it is so easy to lose track of.
The fees and what late costs
ASIC charges an annual review fee that differs for proprietary companies and special-purpose companies. Pay late and ASIC adds late-payment penalties that increase the longer the fee is outstanding — a small amount for a short delay, more for a longer one. Keeping the company in good standing is simply a matter of paying on time.
A simple annual review checklist
When your statement arrives: review every detail on the register and lodge any changes within 28 days, pass and minute a solvency resolution, pay the annual review fee before the due date, and file the statement with your records. Complia puts the review date on your calendar with this checklist attached, so the once-a-year obligation becomes a scheduled task instead of a surprise.
- Check company address, officeholders, shares and members
- Lodge any changes to ASIC within 28 days
- Pass and minute a solvency resolution
- Pay the annual review fee before the due date
Frequently asked
- When is the ASIC annual review due?
- The annual statement is issued on the anniversary of your company registration, and the annual review fee is generally due within two months of that review date.
- What happens if I pay the ASIC fee late?
- ASIC applies late-payment penalties that increase the longer the fee remains unpaid, and persistent non-payment can put the company at risk of deregistration.
- Do I have to lodge anything every year?
- You must review the details on the annual statement, update anything that has changed, pass a solvency resolution and pay the fee. You only lodge changes if the register details are no longer correct.
- Is this page legal advice?
- No. This is an organisational guide to help you track and prepare for the annual review. It does not replace your accountant, lawyer or registered agent.
Put this deadline on autopilot.
Complia keeps small Australian businesses ahead of every lodgement and obligation — BAS, super, ASIC — with checklists and reminders built around the real ATO calendar.