Information and steps on how to register a business name
Register a business nameTo renew a business name, you will need your account number or ABN handy.
Renewing your business nameThe ASIC Connect portal will allow you to:
The ASIC Connect portal will allow you to:
Within online services for business name holders, you can:
Information and steps on how to register a new business
Register a companyManage your company details via the company officeholder portal:
Download your company annual review statement from ASIC.
Lodge regulatory statements, documents and transactions in the Regulatory portal.
Within online services for company officeholders, you can:
Update your client details via the Registered agent portal.
Information about how you can update and/or cancel your registered agent registration.
Within online services for registered agents and authorised lodgers, you can:
Information and steps on how to apply for an Australian financial services (AFS) licence.
Applying for and managing an AFS licenceUpdate your AFS licence details and lodge financial document via the Regulatory portal.
Changing your licence details through the Regulatory PortalLog in to ASIC Connect to appoint and update AFS representative's details.
Lodge regulatory documents and transaction in the ASIC Regulatory Portal
You can register a managed investment scheme using the eLicensing system (not the ASIC regulatory portal).
Log in to the eLicensing systemYou can lodge FS88 PDS in-use notice using the eLicensing system (not the ASIC regulatory portal).
Log in to the eLicensing systemWithin online services for business name holders, you can:
Information and steps on how to apply for a credit licence.
Apply for a credit licenceUpdate your credit licence details and appoint credit representations via the Credit Licensee portal
Lodge regulatory documents and transactions in the ASIC Regulatory portal.
Within online services for credit licensees and credit representatives, you can:
Information and steps on how to apply for auditor or authorised audit company registration.
Applying for an auditor registrationUpdate your auditors details and submit annual statements via the Auditors portal.
Lodge regulatory documents and transactions in the ASIC Regulatory portal.
Apply and maintain your SMSF auditor registration via the Regulatory portal.
Within online services for SMSF auditors, you can:
Update your liquidator details and lodge external administration documents via the liquidator portal.
Lodge regulatory documents and transactions in the ASIC Regulatory portal.
I am a
Information and steps on how to register a business name
Register a business nameTo renew a business name, you will need your account number or ABN handy.
Renewing your business nameThe ASIC Connect portal will allow you to:
The ASIC Connect portal will allow you to:
Within online services for business name holders, you can:
Information and steps on how to register a new business.
Register a companyManage your company details via the company officeholder portal:
Download your company annual review statement from ASIC.
Lodge regulatory statements, documents and transactions in the Regulatory portal.
Within online services for company officeholders, you can:
Update your client details via the Registered agent portal.
Information about how you can update and/or cancel your registered agent registration.
LoginWithin online services for registered agents and authorised lodgers, you can:
Information and steps on how to apply for an Australian financial services (AFS) licence.
Applying for and managing an AFS licenceUpdate your AFS licence details and lodge financial document via the Regulatory portal.
Changing your licence details through the Regulatory PortalLog in to ASIC Connect to appoint, register, update and cease AFS representatives details.
Lodge regulatory documents and transaction in the ASIC Regulatory Portal.
You can register a managed investment scheme using the eLicensing system (not the ASIC regulatory portal).
Log in to the eLicensing systemYou can lodge FS88 PDS in-use notice using the eLicensing system (not the ASIC regulatory portal).
Log in to the eLicensing systemWithin online services for business name holders, you can:
Information and steps on how to apply for a credit licence.
Apply for a credit licenceUpdate your credit licence details and appoint credit representations via the Credit Licensee portal.
Lodge regulatory documents and transactions in the ASIC Regulatory portal.
LoginWithin online services for credit licensees and credit representatives, you can:
Information and steps on how to apply for auditor or authorised audit company registration.
Applying for an auditor registrationUpdate your auditors details and submit annual statements via the Auditors portal.
Lodge regulatory documents and transactions in the ASIC Regulatory portal.
Apply and maintain your SMSF auditor registration via the Regulatory portal.
Within online services for SMSF auditors, you can:
Update your liquidator details and lodge external administration documents via the liquidator portal.
Lodge regulatory documents and transactions in the ASIC Regulatory portal.
Companies
Key points:
A reduction in share capital occurs when a company pays back the money a members (shareholder) paid for their shares in return for their shares.
Note: This page only covers the types of reduction in share capital covered in Division 1 of Part 2J.1 of the Corporations Act 2001. It does not cover a reduction in share capital through:
Under section 256B(1) of the Corporations Act 2001, a company can reduce its share capital in ways not usually allowed by the Act. It can only do this if:
If a company cancels a share without paying anything for it (‘share for no consideration’), this is also a reduction of capital. But in this case, the rule about not harming the company’s ability to pay its debts does not apply.
There are two main types of capital reduction under section 256B: equal reduction and selective reduction.
Companies need to pass a company resolution to reduce share capital. They must also tell us about both types of capital reduction.
Equal reductions are those that:
Companies need to pass an ordinary resolution for equal reductions. The exception is if the company has a constitution which requires a special resolution for this.
Selective reductions are those in which any of the three conditions for equal reductions do not apply.
Selective reductions must be approved by either:
If the reduction involves the cancellation of shares, it must also be approved by a special resolution. This must be passed at a separate meeting of the members whose shares are to be cancelled.
For both equal and selective reductions, a company must tell us that it intends to reduce share capital before it sends the notice of the meeting to members. Use this form:
Form 2560 Notification of reduction in share capital details
Along with this form, you must also send us:
Public listed companies must lodge this form at least 29 days before the meeting. Other companies must lodge it at least 22 days before the meeting.
You can email the form to shares.lodgements@asic.gov.au.
Or you can mail it to:
Australian Securities and Investments Commission
PO Box 4000
GIPPSLAND MAIL CENTRE VIC 3841
Send the members the notice of the meeting and any documents.
Hold the meeting. The resolution must be the type outlined above for the type of reduction, and for your company’s rules.
Tell us about the resolution passing within 14 days. Use this form:
Form 2205 Notification of resolutions regarding shares
You can email the form to shares.lodgements@asic.gov.au.
Or you can mail it to:
Australian Securities and Investments Commission
PO Box 4000
GIPPSLAND MAIL CENTRE VIC 3841
If the resolution is passed, the company can reduce the share capital.
For selective reduction, this can only happen 14 days after lodging the Form 2205.
Tell us of the share capital reduction within 28 days after reducing the share capital. You must tell us about:
Do this using the change of company details transaction on the company officeholder portal.
A single-member company does not need to issue a notice of meeting or hold a meeting to pass a resolution. Nor does it need to lodge any documents before the resolution is passed.
For a selective reduction, the company must email or mail us Form 2205:
Form 2205 Notification of resolutions regarding shares
You can include the text of the resolution passed on the form, or attach a copy of the resolution, signed by the single member, to the form. The resolution must also be recorded in the company’s minute book.
Single-member companies must still tell us of any change to company details, as outlined above.