Pay company annual review fee 10 years in advance
Key points:
- Companies can pay their annual review fee 10 years in advance.
- If you choose to do this, you will pay a discounted rate and avoid future fee increases during the 10-year period.
- Each year, you must still meet other requirements, such as the annual review of your company details and the solvency resolution.
What to consider first
There are advantages to paying a company annual review fee in advance. You pay a discounted rate and avoid future fee increases. You do not have to worry about paying the review fee for another 10 years.
There are no refunds on this fee, even if your company closes.
Advance payment of annual review fees does not appear as credit on your account. We cannot use advance payment of these fees to pay any other money the company owes us. You must still pay these other amounts.
Your other obligations still apply
Each year, you must still:
- check the details on your company annual review
- notify us of any changes to your company within 28 days
- pass and store a solvency resolution unless the company lodged a financial report with us in the last 12 months.
Fees and discounts
The fee you will pay depends on your company type.
The table below shows the standard annual review rate and the discounted 10-year fee.
| Type of company or scheme | Annual review fee | Advance payment for 10 years |
|---|---|---|
| A public company, except a special purpose company or a small transferring financial institution | {A51} | $10,000 |
| A proprietary company, except a special purpose company | {A52} | $2,438 |
| A special purpose company (proprietary) | {A58} | $463 |
| A special purpose company (public) | {A53} | $457 |
| A registered scheme | {A54} | $10,000 |
| Corporate Collective Investment Vehicle | {A61} | $10,000 |
How to make an advance payment
Complete the remittance advice form
Download and fill in the form:
Ten year advance payment of annual review fee – remittance advice
You will need to include some details about the company and the person making the payment.
Make payment
Pay the fee.
Send us the form
Email the form to epaymentenquiries@asic.gov.au
Or you can mail it to:
ASIC Finance
PO Box 4000
GIPPSLAND MAIL CENTRE VIC 3841