22 answers for owners and founders of a Australia company, from ordering to banking, annual compliance and what happens after incorporation. General information, not legal or tax advice; your specialist confirms how it applies to you.
It must be a street address in Australia where documents can be served, not a PO box. If the company does not occupy the premises, the occupier must consent in writing. We confirm the address and the consent before lodging with ASIC.
Source: Change a company address, Australian Securities and Investments Commission
Yes. Your renewal of US$1,360 on Starter covers the ASIC annual review fee and our work on the annual statement. If the fee is paid late, ASIC adds a late fee on top, which is why we invoice before your review date. Tax returns, GST reporting and a resident director are quoted separately.
Source: Late company annual review fee, Australian Securities and Investments Commission
Late fees apply when a change to company details is lodged more than 28 days after it happens, and when the annual review fee is paid late. Fees rise the longer the delay. Tell us about any change as soon as it happens and we lodge it in time.
Source: Late fees, Australian Securities and Investments Commission
Each bank sets its own process. Many need certified identity documents or a video or in-person check for every director and signatory, and some only open accounts when a director lives in Australia. We tell you which institutions fit your setup before you apply; the bank decides.
Usually yes. Most banks ask for the company's ACN and ABN on the application, and the ABN is often needed to receive payments from Australian customers. We apply for the ABN straight after ASIC registration, so the bank application can follow quickly.
A paper application with certified copies of identity documents, because the online route needs Australian identity documents. Certified copies must meet the rules on the form, so check who may certify them in your country before signing. Start this on day one, as paper applications take the longest.
Source: About director ID, Australian Business Registry Services
The new director needs a director ID and signed consent, and ASIC must be told within 28 days of the change, usually on form 484. The company must keep at least one director who ordinarily resides in Australia. We prepare the minutes and lodge the form.
Source: Change company officeholder details, Australian Securities and Investments Commission
Appoint a replacement who ordinarily resides in Australia as soon as possible, because the company must always have one, and notify ASIC within 28 days. Line up the new director before the old one leaves. We can quote a resident director service if you have no one locally.
Source: Company officeholders (directors and secretaries), Australian Securities and Investments Commission
Yes. Changes to the share structure and to the members of a proprietary company are notified to ASIC within 28 days, and the company updates its own register. If the company owns land in Australia, state duties can apply to a transfer (confirm with your specialist).
Source: Changes to company details, Australian Securities and Investments Commission
Apply for voluntary deregistration if all shareholders agree, the company has stopped business, holds assets worth less than A$1,000, has no debts or legal proceedings and has paid all ASIC fees. ASIC publishes a notice, and the company can be deregistered two months later. Apply at least two weeks before the annual review fee is due.
Source: Voluntary deregistration of a company, Australian Securities and Investments Commission
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