I'm a company officeholder, what are my registration obligations?
As a company officeholder, you have a number of obligations related to your company's registration. This page explains some of the things you need to consider.
- Keep your company registered each year
- Tell us when your details change
- If you don't need your company, tell us
- What happens if I don't meet my registration obligations?
- Where can I find more information about officeholder duties?
- Video - "I'm a company officeholder, what are my registration obligations?"
Each year, we'll send your company an annual statement and invoice within a few days of its review date.?This is usually on the anniversary of the company's registration date. As part of this, you need to:
- check your statement and make sure all your details are up to date
- pay your annual review fee by the due date, and
- pass a solvency resolution.
A solvency resolution is a declaration made by the officeholders that the company can pay all its debts when they are due. It should be made within 2 months of the annual review date and kept securely with your company's records.
We'll always send your annual statement and invoice around your annual review date, so keep it in mind. If you haven't received it within two weeks,?contact us. Fees will apply if you pay late.
Visit 'Annual statements'?for more information about where we'll send your statement and what you need to do.
You need to let us know when your company's details change. This could be because:
- you've moved to a new address
- a new officeholder has joined the company, or
- the company has changed its share structure.
We don't charge you to change your details, but we will charge you a late fee if you tell us more than 28 days after the change.
Visit?'Changes to your company'?to learn about what you need to update and how to change your details online.
If you don't need your company, let us know by deregistering it. If you don't, you'll still be charged your annual review fee and will still need to meet your registration obligations.
Visit?'Closing your company'?for more information about how to close your company.
Under the law, you must fulfil all your registration obligations as a company officeholder. This makes it easier for other businesses to know who they're dealing with and makes customers feel confident when buying your products or services.
This page covers some of the things you need to consider as a company officeholder, but there are other obligations that you need to fulfil.
For more information, visit Company officeholder duties
If you have any questions, you can contact us or speak to an accountant, legal advisor or ASIC registered agent.
We made a short video to help explain some of the things you need to consider as a company officeholder.