Small business annual statements and late fees

Every company has an annual review date, which is usually on the anniversary of its registration date. 

We will send your company’s annual statement to you each year within a few days of your company’s annual review date. Contact us if you have not received the annual statement within five days of the review date.

Your annual statement contains a covering letter, a company statement and an invoice statement. If the information is not correct, you must tell us about any changes within 28 days after the date of issue of the statement using either Form 484 Change to company details or Form 492 Request for correction.

If the information contained in the annual statement is correct, you have two months to pay the amount on the invoice statement.
 
If information on the annual statement is incorrect, you must provide us with the correct details within 28 days of the date of issue of the annual statement using Form 484. If you do not provide the correct information within the 28 days, you will be charged a late lodgement fee as follows:

  • up to one month late – $76

  • more than one month late – $316.

When your company details change, you must notify us within 28 days: see Keeping your company details up to date.

More information on this topic

Knowing your legal requirements - companies

Knowing your legal requirements - business names

What books and records should my company keep?

Directors and financial reporting

Companies that must lodge financial reports with ASIC

Keeping your company details up to date

Changing a company type

Changing a company name

Ensuring your company is solvent

How to lodge documents and avoid late fees

Waiving a late lodgement fee

Illegal phoenix activity

Your obligation as a company director

More information on the ASIC website

How to lodge documents and avoid late fees

Annual statements and late fees - INFO 3

More about small business

Small business home

Starting a small business

Compliance for small business

Closing a small business

Resources

Levelling the playing field for small business

Levelling Playing Field 

ASIC, the ATO, Fair Work Ombudsman, ACCC,  and the Australian Small Business and Family Enterprise Ombudsman discuss what they are doing to help small businesses compete on a level playing field.

Watch the webinar video

Read the transcript


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Last updated: 31/10/2013 12:00