I'm a company officeholder, what are my registration obligations - video transcript
One of your jobs as a company officeholder is to make sure your company meets its registration obligations.
Here's some of the things you need to keep in mind when running your company.
To keep your company registered each year, you need to do three things:
- Pay your annual review fee by the due date
- Check your annual statement and make sure all your details are up to date. If they’re not, you should update them as soon as possible.
- Pass a solvency resolution. This is a declaration that the company can pay all its debts when they are due.
You need to let us know when your details change. This could be because:
- you've moved to a new address
- a new officeholder has joined the company, or
- the company has changed its share structure.
We don't charge you to change your details, but you will receive a late fee if you tell us more than 28 days after the change.
If you don't need your company, let us know by deregistering it. Otherwise, you'll still be charged your annual review fee and you'll still need to meet your registration obligations.
Under the law, you must fulfil all your registration obligations as a company officeholder. This makes it easier for other businesses to know who they're dealing with and makes customers feel confident when buying your products.
For more information about your officeholder obligations, visit www.asic.gov.au/officeholders
To learn more about ASIC, visit our website. You can also check us out on Facebook, Twitter, and YouTube for more information.