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:

  1. Pay your annual review fee by the due date
  2. 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.
  3. 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.

What is an ASIC key?

Your ASIC key is a unique number used in ASIC Connect that helps us establish your identity and protects your business information by making sure only you and those you have authorised can access it.

Learn more about ASIC keys

What is a corporate key?

A corporate key is an 8-digit number uniquely associated with a company’s ACN. Your company needs only one corporate key.

Learn more about corporate keys

What is an invitation key?

An invitation key is a unique key to register for, or connect to an entity in, the ASIC Regulatory Portal.

Learn more about invitation keys 

What is an industry funding security key?

Your industry funding security key is a unique number used to launch an online transaction in the ASIC Regulatory Portal that will enable us to calculate your final industry funding invoice. You will be prompted to submit business activity metric information on the operation of your business in the previous financial year.

Learn more about industry funding security keys

Last updated: 30/03/2021 09:27