Company officeholder duties

All company officeholders need to understand their legal obligations under the Corporations Act 2001. This includes keeping accurate financial records, passing solvency resolutions, and keeping company details up to date.

Log in to the company officeholder portal

Your company and the law

Being a company officeholder is different to being the holder of a business name. Company officeholders (directors and secretaries) have a number of responsibilities, including those set out in the Corporations Act 2001.

More information about officeholder obligations

What books and records should my company keep?

Company officeholders need to make sure they keep proper company records. This can include financial records, deeds, the members register, and minutes of meetings.

Learn more about what kinds of records you need to keep

Does my company need to lodge financial reports with ASIC?

Public companies, registered schemes, large proprietary companies and some companies limited by guarantee all need to lodge financial reports.

More information about who has to lodge financial reports

Is my company in financial difficulty?

Some signs that your company might be in financial difficulty include:

  • poor cashflow
  • ongoing losses
  • issues obtaining finance

If you think your company is in financial difficulty, it's important to get professional accounting and legal advice as soon as possible.

Learn what to do if your company is in financial difficulty

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    Last updated: 15/10/2014 12:00