Your company's annual statement - video transcript
Each year, we'll send your company an annual statement pack, shortly after your annual review date.
Your annual review date is usually the anniversary of the date you registered the company.
If you have appointed someone to manage your company, we'll send your annual statement to them. If you have an online account with us, we'll email you when your annual statement is available.
Otherwise, we'll post it to your contact address or your registered office address.
Your annual statement pack will contain:
- a copy of your company's current details
- your invoice for your annual review fee, and
- your corporate key
Once you've got your annual statement, you need to do 3 things to keep your company registered:
- Pay your annual review fee
- Check and update your company details
- Pass a solvency resolution
To keep your company registered, you need to pay your fee by the due date. If you don't, late fees will apply and we may even deregister your company.
Your invoice has a number of different payment options, including credit card and BPAY.
You need to check your company's details when you get your annual statement to make sure they're correct.
If any information is incorrect, you can update your details online using your company account.
As part of your annual review, you also need to pass a 'solvency resolution'. This means that in the director's opinion, the company will or will not be able to pay its debts when they are due.
The directors must have a reasonable basis for their opinion and the resolution must be passed by a majority.
A solvency resolution must be made within 2 months of your review date and kept with your company's records.
For more information about anything mentioned in this video, visit www.asic.gov.au/annual-statements
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