InFocus May 2017 – Volume 26 Issue 4

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Don't get caught out - make sure you know key dates for your business name or company

If you're running a business or company, it's important to understand your responsibilities with ASIC.

One of the most important things is to be aware of key dates, like the date of your business name renewal or company annual review.

While ASIC will send you a reminder when your renewal or annual review is due, it's important to take note of the date. Knowing the date will help you keep your registration current and avoid potential late fees, even if you miss our reminder.

You can check these details by searching your business name or company on ASIC Connect.

Find out more information about renewing your business name or what you need to do with your company annual statement.  

Do you need to be registered with the Tax Practitioners Board (TPB)?

Are you a financial planner or adviser providing tax advice, or advice on tax consequences for a fee or reward?

If you are, you will need to be registered with the Tax Practitioners Board (TPB). The registration with TPB may be in addition to your registration on the ASIC Financial Advisers Register.

The registration requirement applies to entities, including:

  • Australian Financial Services (AFS) licensees
  • authorised representatives (ARs), including;
    • individual ARs
    • corporate authorised representatives (CARs).

Two TPB registration options are currently available:

Transitional registration allows you to meet standard registration renewal requirements until 2020.

Find out more at the TPB website

Need to contact us? Here's how

In today's busy world, we know it's important for you to have a range of options to get the information you need. Here are our main information resources and ways to contact us.   

Website

Our website has all the content you need about companies, business names and other ASIC responsibilities. You can use the website anytime and on a device of your choice.

Phone us

You can call us on 1300 300 630 during business hours. If you've called us before, you may notice some improvements to our introductory phone menu in the coming months.

Web chat

Have you considered our web chat service available for company and business name enquiries? Web chat is available during business hours. You can access web chat from the ask a question online page of the website by selecting submit your question online.

Ask a question online

If you need further assistance outside of business hours, you can ask a question online.

Social media

We frequently update our ASIC Connect Facebook and Twitter pages with helpful tips and resources for business. ASIC also has a range of useful YouTube videos.

Write to us

Although it takes longer, you can correspond with us via post. Our mailing address is: 

PO Box 4000

Gippsland Mail Centre

Victoria, 3841.

Whistleblowing Research Project

ASIC is working to support a Griffith University led project into whistleblowing. The project will gather new evidence to compare the strength of whistleblowing processes for more than 700 organisations.

The project is still looking for participants, and your organisation can get involved by signing up and completing a survey. By participating in this project, you will have the chance to evaluate your own whistleblowing policies by measuring ethical leadership, culture and other organisational factors.

Here is a link to the survey which is open until August 2017. 

ASIC's Enforcement Report

ASIC recently released its Enforcement Report which highlights ASIC's enforcement priorities and key outcomes from 1 July 2016 to 31 December 2016. The report also outlines ASIC's focus for the coming months.

Of particular interest is ASIC's work in disrupting the business models and facilitators for illegal phoenix activity. The report highlights the whole-of-ASIC plan and cross-agency collaboration used to combat the issue.

For more information check out the full report. 

Help us improve our services

We're consulting with our customers to understand what you think of the service we provide when you contact us. We are also looking for ways we can improve.

The questionnaire should only take five minutes to complete; click the link below to get started. Your help is greatly appreciated.

ASIC customer service questionnaire.

Natural disaster relief

If you or your customers have experienced hardship as the result of cyclone, flood, bushfire or drought, we may be able to assist.

Find out more about your options. 

Upcoming events

We are attending the following events in the coming months. Feel free to drop past for a chat or to ask a question.

Franchising and Business Expo: 7 May - Perth Franchising and Business Opportunities Expo gives people the chance to talk face to face with franchisors and successful franchisees across a range of different businesses. (7 May in Perth; 22-23 July in Brisbane; 26-27 August in Melbourne)

Start Me, Grow Me Small Business Forum: 17 May - The City of Darebin and the Government Business Education Network (GBEN) are holding a free forum for small business. There will be experts on hand from local, state and federal agencies to answer questions about grants and programs, as well as provide information on other organisations that can help. 

Queensland Small Business Week: 15-20 May – The Queensland Government are holding a state-wide Small Business Week offering resources and events for business owners. The events will provide an opportunity for attendees to discuss new ideas, develop skills and acquire tools to take their businesses to the next level (15-20 May in Brisbane).

Bizlink Expo: 29 May - State and Federal Government organisations will be available at the Adelaide Bizlink Expo to provide information about small business compliance, business growth, registrations and licences, training, safety, staff responsibilities and dispute resolution. Register now.

Sydney B2B Expo: 28-29 June – The Australian Business Forum is organising the Australia Post B2B Expo, held in Sydney on 28-29 June. The forum is aimed at small and medium sized enterprises, and is a great place for businesses to showcase their products and services, connect with government and key industry associations, discover new start-ups, innovative trends and solutions (28-29 June Sydney).

Last updated: 03/05/2017 10:15