InFocus February 2025 - Volume 34 Issue 1
- New Multi-factor Authentication (MFA) option coming soon
- Coming soon – improved ASIC Professional Registers Search
- Registered agents ceasing to act as the agent of a company
- Fresh look, new feel of the ASIC Online Services webpage
- Australian Taxation Office - Need some good cash flow tips?
New Multi-factor Authentication (MFA) option coming soon
Starting mid to late March, you’ll be able to use an authentication app for multi-factor authentication (MFA) when logging in to the ASIC Regulatory Portal.
Currently, all MFA is completed using email, which will remain the default option, but you’ll be able to opt in to using an authentication app if preferred from March.
An authentication app provides a seamless and secure log in experience, offering instant access with enhanced protection.
You’ll only need to authenticate using one method, but both options will be available.
To ensure a smooth log in experience, please make sure:
- Your email address (username) is up to date: log in now and check your email address is up to date under ‘My details’. This will ensure you receive the one-time code sent via email for MFA.
- You access the portal as yourself using your personal account: make sure you always log in as yourself and access the portal using your personal account, as required under the ASIC Regulatory Portal: User Agreement.
We’ll provide further information about the app option soon.
Coming soon – improved ASIC Professional Registers Search
In December 2024, we launched the new ASIC Professional Registers Search (PRS) service. The successful launch replaced the PRS service previously available through ASIC Connect.
In March 2025, we’ll further simplify and improve the purchase of documents and extracts by integrating an embedded payment service, which will allow for easier and more efficient searches.
To support this change, we’ll make some updates to the ASIC website, including a new user guide.
For more information about this change, visit our Professional registers page.
Registered agents ceasing to act as the agent of a company
As a registered agent, you have an obligation under the Registered Agent Term & Conditions to complete certain steps if you cease to act as a company's agent.
Step 1 – If your address is the registered office for the company, you must either seek authorisation from the company to lodge a change to the registered office address with ASIC or notify ASIC in writing that you withdraw consent for your premises to be the registered office.
Step 2 - If you have authorisation from the company - lodge Form 362 Notification by a company to nominate or cease a registered agent or contact address, or if you do not have authorisation from the company - lodge a Form 361 Notification of a registered agent ceasing to act for a company.
Read more about Ceasing as a company's registered agent.
Fresh look, new feel of the ASIC Online Services webpage
We’ve simplified the ASIC 'Online Services' navigation to help you find what you need quickly and easily. The fresh design reflects our commitment to staying focused on what matters most to you.
With a clear and intuitive layout, navigating information about our online services is now smoother and seamless.
Check out our Online Services web page.
Spotlight article from other Government departments or industries
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Australian Taxation Office - Need some good cash flow tips? Good cash flow habits will set your business up for success. It doesn't matter if you're new to business or if it has been around for a while. The Australian Taxation Office has some tips to help you manage your tax and super obligations without getting them caught up in your cash flow:
Remember, a registered tax professional can help you work out the best strategies for your business. For more information, check out the ATO’s Managing payments web page. |