What is asic annual review support?
The annual statement checked, the solvency resolution prepared, the fee paid inside the 2-month window — every year, without drama.
Every company registered with ASIC — trading heavily or not at all — sits on an annual review cycle keyed to its own incorporation date, not a shared calendar date like a financial year-end. ASIC calls this the company's "review date," and once a year it lands automatically: a statement goes out to whichever address is on file, a fee falls due, and for a proprietary company a solvency resolution has to be passed. There's no lodgement to trigger and no form to submit to start the cycle — it runs itself, and the only real choices a company makes are whether the statement is accurate, whether the fee gets paid inside the window, and whether the resolution actually gets minuted rather than assumed.
The mechanics are simple on paper and easy to miss in practice. ASIC sends the annual statement to whatever address has priority — a registered agent's address first if one is appointed, then the registered office, then the contact address — and from the date on that statement the company has two months to confirm officeholder, registered-office and share-structure details are correct, pass the solvency resolution, and pay the fee. Two months sounds generous until the statement lands at an old office address nobody checks, or the person who used to handle it left the business six months ago and nobody picked it up.
Who does what
CapEasy prepares the review pack; directors pass the solvency resolution, and lodgments run through the ASIC registered agent.
Who does what
| Your CapEasy team | ASIC annual review support, the reconciliations and reporting behind it, and the questions list that keeps it honest. |
| Your registered BAS or tax agent | Everything that carries a licence in Australia — rendered exactly as written: work out what goes on your bas, or advise you on it — under tasa 2009 that requires registration we do not hold. |
| You | One conversation with one named person, and the decisions that are genuinely yours. |
ASIC annual review support in Australia
The $342 annual review fee is a proprietary-company figure, and it resets every 1 July
For FY26-27 (from 1 July 2026), ASIC's standard proprietary company annual review fee is $342. A special-purpose company acting as an SMSF trustee pays a lower $70 fee; a public company pays $1,591. All three figures are indexed and reset each financial year, so a number that was correct last year isn't automatically correct this year — the fee due depends on which review date the statement carries, not on when someone happens to check.
Miss the two-month window and the late fee is $102, then $428 — the same schedule as every other late ASIC form
A fee paid within one month of the due date attracts a $102 late fee (FY26-27); more than one month late, it's $428. This isn't unique to the annual review — the same $102/$428 structure applies to a late Form 484 (officeholder or address change) and other standard ASIC lodgements, because it's one unified late-fee schedule under the Corporations (Review Fees) Regulations, not a separate penalty per form. A company that misses one deadline is often exposed on several at once for that reason.
The solvency resolution is never lodged with ASIC — it has to be minuted and kept, not filed and forgotten
For a proprietary company, directors resolve each review cycle that the company will be able to pay its debts as and when they fall due. That resolution is an internal governance act, not something ASIC receives or checks at the time. It only becomes visible later — if the company's solvency is ever actually tested — which is why it needs a genuine minute, not a rubber stamp assumed to have happened because the fee got paid.
Two months is a fixed statutory window, not a queue — there's no expedite option because there's nothing to expedite
The two-month period runs from the date on the annual statement itself, and there is no faster lane to buy. Unlike a lodgement that sits in a processing backlog, the annual review isn't waiting on ASIC to act on anything — it's the company that has to confirm details, pass the resolution, and pay inside a window that starts ticking the day the statement is dated, regardless of when it's actually opened.
What your registered BAS or tax agent receives from us
- The ASIC annual statement checked line by line against the company's own records — officeholders, registered office, share structure, contact details — with any discrepancy flagged before the two-month window closes.
- Any correction needed to officeholder, address or share-structure details drafted as Form 484 content, ready for the client to lodge via their own ASIC Connect login.
- A drafted solvency resolution — the specific wording directors need to consider and, if they agree, pass and minute — delivered with enough lead time to sit on a board agenda before the fee due date.
- A dated reminder timeline built off the company's actual review date, not a generic calendar prompt, covering the full two-month window and each late-fee threshold inside it.
- The fee reference and payment amount for the correct company type (proprietary, SMSF-trustee special purpose, or public) confirmed against the current financial year's indexed rate before the client pays.
- A record filed in the compliance file once payment and the solvency resolution are both confirmed — the paid statement, the minuted resolution, and the updated ASIC extract.
