Australia / Guides / The ASIC annual review: date, fee, and what to check
Australia · guideThe ASIC annual review: date, fee, and what to check
The short answer
A company's ASIC annual review date is fixed to the anniversary of its registration, and ASIC sends an annual statement soon after that date each year. The company then has 2 months to pay the annual review fee — $342 for a standard proprietary company as of this review — confirm the details on the statement are correct, and pass a solvency resolution. Missing the fee deadline adds a late fee of $102 if paid within a month or $428 if paid later than that, and missing the 28-day window to correct wrong details on the statement triggers the same two-tier late fee separately. Because the statement is mailed to whichever address is on file first — the registered agent, then the officeholder portal, then the registered office — an out-of-date agent or contact address is often the actual reason a company misses the deadline, not the deadline itself.
Key facts — verified dates on each
The review date is the registration anniversary, not the financial year
ASIC assigns every company an annual review date when it first registers, and that date does not move with the company's financial year, its BAS cycle, or any other reporting calendar it runs on. It is fixed to the anniversary of incorporation and stays there unless the company applies to ASIC to change it — something that can only be done for a future review date, never for one that has already passed.
ASIC sends the annual statement soon after the review date to a single address, chosen from a priority list: the company's registered agent address (electronic or postal) if one is appointed, then the company officeholder portal account if the company is registered for it, then a nominated mailing address, then the registered office address. If a company has not received its statement within 15 business days of the review date, ASIC's guidance is to contact them directly rather than wait — the obligations run from the review date regardless of whether the paperwork has physically arrived.
The fee: $342 for a standard proprietary company
The current annual review fee for a proprietary company that is not a special purpose company is $342. Two narrower categories pay less: a special purpose proprietary company (the type typically used as a bare corporate trustee) pays $70, and a special purpose public company pays $65. A public company that is not a special purpose company or a small transferring financial institution pays $1,591. These are the fees stated on ASIC's current fee schedule and are indexed periodically, so a figure carried forward from an old invoice or a prior year's notice should not be assumed to still apply.
The fee and the payment options are printed on the annual statement itself. ASIC also allows a company to prepay its annual review fee 10 years in advance at a discounted rate, though advance payments are non-refundable once made.
- Standard proprietary company (not special purpose): $342
- Special purpose proprietary company (e.g. bare trustee): $70
- Special purpose public company: $65
- Public company (not special purpose, not a small transferring financial institution): $1,591
Three obligations, one 2-month window
Once the annual statement is issued, a company has three separate things to do, all inside the same 2-month window from the review date: pay the annual review fee, check the officeholder, address, share structure and member details shown on the statement and correct anything wrong, and pass a solvency resolution.
The solvency resolution is a director resolution stating whether, in the opinion of a majority of directors, the company will be able to pay its debts as and when they fall due. It is required within 2 months of the review date unless the company has already lodged a financial report with ASIC in the preceding 12 months. A positive resolution only needs to be kept on the company's own file. If the resolution is negative, or directors have not passed one at all within the 2-month window, the company must notify ASIC on Form 485 within 7 days — a shorter clock than the 2-month resolution deadline itself.
Checking and updating company details carries its own tighter clock: incorrect details on the statement must be corrected within 28 days of the statement being issued, separate from the 2-month fee and solvency deadlines.
Late fees: two tiers, applied twice over
Missing the payment deadline triggers a late fee of $102 if the fee is paid within 1 month of the due date, rising to $428 if it is paid more than 1 month late. The same two-tier structure — $102 up to 1 month late, $428 beyond that — applies separately to notifying ASIC of corrections needed to the 28-day details window, so a company that is both late paying and late correcting details can face both late fees, not just one.
ASIC's process for a company that still has not paid is staged: a first late fee notice, then a second if payment still has not arrived, and eventually a final letter of non-compliance sent to each director's residential address rather than the company's registered address. Persistent non-payment is one of the grounds on which ASIC can initiate deregistration of the company. A late fee can be reviewed and, in ASIC's discretion, waived where the lateness was due to circumstances outside the company's control — but that is a request made to ASIC, not something that happens automatically.
Why the registered agent and ASIC contact details matter more than the fee amount
The annual statement, and every late fee notice that follows a missed deadline, is sent to one address only, in the priority order above. A company that has changed registered agents, closed a mailbox, or let its officeholder portal registration lapse without updating ASIC is not skipped or given extra notice — the statement goes to whatever address ASIC still has on file, and the 2-month clock runs from the review date regardless of whether anyone at the company has actually seen it.
That makes keeping the registered agent appointment and the company's registered office and contact details current a preventative step distinct from the fee itself: most missed-deadline late fees trace back to an outdated address rather than a company that received the statement and simply chose not to pay. A company using a registered agent is not relieved of responsibility for its ASIC obligations by that appointment — ASIC's guidance is explicit that the company remains responsible for meeting its obligations on time even where notices go to the agent's address.
The figures, and when we checked them
These numbers change by year or by notification. Each one shows the date we last verified it against the source — if that date looks old, check the source before relying on it.
Questions on this
How is a company's ASIC annual review date set?
It is fixed to the anniversary of the company's registration date and does not change with the financial year or any other reporting cycle. It can only be changed by applying to ASIC before the review date it applies to occurs — never retroactively.
What is the current ASIC annual review fee?
For a standard proprietary company (not a special purpose company), $342. Special purpose proprietary companies pay $70, special purpose public companies pay $65, and other public companies pay $1,591. These figures are on ASIC's current fee schedule and are periodically indexed.
How long does a company have to pay after the annual statement arrives?
The due date is printed on the statement and is usually 2 months after the annual review date, regardless of when the statement is actually received.
What happens if the annual review fee is paid late?
A late fee of $102 applies if paid within 1 month of the due date, rising to $428 if paid more than 1 month late. ASIC sends escalating notices, and unresolved non-payment can eventually lead to ASIC-initiated deregistration.
Is there a separate deadline for correcting wrong details on the statement?
Yes. Incorrect details must be reported to ASIC within 28 days of the statement being issued — a shorter window than the 2-month fee deadline — and the same $102/$428 late fee tiers apply if that window is missed.
What is the solvency resolution and when is it due?
It is a director resolution, required within 2 months of the annual review date, stating whether a majority of directors believe the company will be able to pay its debts as they fall due. It is not required if the company has already lodged a financial report with ASIC in the previous 12 months.
What happens if directors cannot pass a positive solvency resolution?
The company must notify ASIC on Form 485 within 7 days of passing a negative resolution, or within 7 days of the 2-month deadline if no resolution was passed at all. That notification, and the solvency determination itself, are director and company obligations under the Corporations Act.
Why would a company miss its ASIC annual statement even though it is still trading normally?
The statement is sent to one address only, in a fixed priority order — registered agent address, then officeholder portal, then registered office. A lapsed registered agent appointment or an outdated address is the most common reason a company never sees the statement before the payment clock runs out.
Does appointing a registered agent shift responsibility for the annual review away from the company?
No. ASIC's guidance is explicit that the company remains responsible for meeting its annual review obligations on time even when notices are sent to a registered agent's address rather than directly to the company.
Can a company pay the annual review fee in advance to avoid missing future deadlines?
ASIC allows prepayment of the annual review fee up to 10 years in advance at a discounted rate. Advance payments are not refundable once made.
Primary sources
- ASIC — Company annual review
- ASIC — Late company annual review fee
- ASIC — Fees for commonly lodged documents
- ASIC — Pay company annual review fee 10 years in advance
Last reviewed 2026-08-14. Statutes and schedules change — the sources above are authoritative, this page is orientation.
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