ASIC ANNUAL REVIEW FEES
Keeping your Company registered on ASIC comes at a cost—luckily, it’s only once a year. As part of its annual obligations, every registered company is required to pay an ASIC renewal fee to maintain its registration. The fee varies depending on the type and size of the company. So, whether you’re a small proprietary limited (Pty Ltd) or a special purpose company, ASIC has a fee that fits your corporate profile like a glove, except with a lot less choice in the matter.
Lodgement fees
When dealing with ASIC, don’t forget the joys of lodgement fees. These little charges are attached to the forms and documents you’ll be submitting, and they vary depending on the form. Take Form 6010 for Voluntary Deregistration, for example. ASIC won’t even look at it until you’ve paid the lodgement fee upfront. So, you’d better be prepared to cough up before they even acknowledge you exist.
Each form comes with its own unique lodgement fee, and the cost can range from $47 to $474. The more complex the form, the higher the price. If you’re looking to pay those fees with ease, consider using ASIC payment services for a straightforward solution.
Late fees
ASIC loves to keep things exciting with late fees for those who can’t quite hit their deadlines. If you miss a document submission or payment deadline, expect to pay the price—literally.
The fee starts small for delays of up to one month, but if you let it drag on longer, you’ll find the fee stacking up. Just like with taxes, the longer you wait, the more it costs.
Annual review fees? Well, those are due within 2 months of receiving the invoice. Miss that and you’re looking at late fees. And don’t forget about updating your company details outside the set timeframe—yep, that attracts fees, too. While company officeholders bear the ultimate responsibility for keeping things on track, it’s always the responsibility of the registered agents to know the ropes and give sufficient notice to ensure compliance is managed in a timely manner. But let’s be honest, if the paperwork’s late, it’s your neck on the line.
How can OneCorp help me reduce clients late payment fees?
With OneCorp taking care of your annual reviews and corporate compliance, those ASIC fees don’t have to be the thing nightmares are made of. Our integration with ASIC keeps us in the loop with real-time updates on director debt and due dates, so we can automate the back-and-forth between agents and directors. This means ASIC annual review fees get paid without any drama, cutting down on the risk of late fees and giving registered agents one less thing to stress about.
On top of that, our platform makes it easy for directors to pay their ASIC lodgement and late fees. They can do it all from their phone or desktop—credit card or bank transfer, their choice.
By keeping payment options simple and making communication a priority, we don’t just reduce late payment fees; we make your life as a registered agent a little bit easier, too. It’s a win-win: saving time and money while strengthening relationships with your clients—especially when it comes to ASIC fee payment.
Interesting Facts
$355 Million
Late Fee 2022
3.09 Million
Companies Registered
