ASIC ANNUAL REVIEW FEES
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.
Here’s a breakdown of the current fees according to company type:
- Proprietary company: $321
- Special purpose company (proprietary): $63
- Special purpose company (public): $59
- Public company: $1,440
- Corporate Collective Investment Vehicle: $1,440
*These fees are reviewed annually by ASIC and change every July. For the most up-to-date information, visit ASIC’s official website.
These ASIC company fees are adjusted every year based on the Consumer Price Index (CPI), so don’t get too comfortable. Miss the payment deadline, and you’ll see ASIC’s penalty charges, which could very well exceed the original fee. Consider it a surprise surcharge you didn’t bargain for.
Want to save yourself and your clients from scrambling at the last minute to avoid late fees? Our ASIC compliance management software is a great alternative to the ASIC online portal making it easy for your clients to make their payments on time and online. Give your clients the ability to make one payment for both the ASIC Annual Review fee and your professional service fee.
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.
Luckily, Waive delivers ASIC late fee notifications to keep you in the loop. Of course, these fees get a little bump each year, thanks to the magic of annual adjustments. You can keep up with the latest info on ASIC’s website, or even better, get your clients to pay ASIC fees on Waive to avoid the headache altogether.
The bottom line? Meeting deadlines isn’t just a good idea; it’s the only way to avoid giving away your hard-earned cash to ASIC.
How can Waive help me reduce clients late payment fees?
With Waive 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.
And with our ASIC Edge online service, you won’t be left chasing down company details when timing matters the most. Direct access to ASIC’s company register data means faster, more efficient lodgements—so agents and directors can act on key deadlines without unnecessary delays. With up-to-date debt reports and review dates at your fingertips, it’s easier to stay ahead of due dates and keep late fees off your clients’ books.
Forms which can be lodged online include:
WHAT OUR CLIENTS SAY
INTERESTING FACTS
$335 Million
Late Fees 2022
3.09 Million
Companies Registered
$85.89
Ave Late Fee per company
Miss a deadline, and those late fees start small but quickly pile up, like a gym membership you forgot to cancel. Pay your annual review fee within two months of the invoice date, or ASIC will gladly add penalties to your bill. Lucky for you, Waive’s reminders help you dodge these unwelcome extras.
FAQs
Expect ASIC company fees to climb every year, like clockwork—all thanks to the Consumer Price Index (CPI). Waive keeps track of these updates, so you don’t have to play detective whenever ASIC decides to bump up the numbers.
ASIC charges lodgement fees for submitting certain forms, with costs ranging from $47 to $474. Waive makes it easier to manage these payments, so you’re not left guessing which form costs what.
Miss a deadline, and those late fees start small but quickly pile up, like a gym membership you forgot to cancel. Pay your annual review fee within two months of the invoice date, or ASIC will gladly add penalties to your bill. Lucky for you, Waive’s reminders help you dodge these unwelcome extras.
Meeting deadlines is your best bet, and Waive makes that easier by sending reminders when ASIC fees are due. Directors can pay straight from Waive, so there’s no incorrect BPAY reference numbers used at the last minute. Less stress, fewer penalties, and no awkward chats with clients about missed deadlines.
If you miss the deadline, expect a penalty. That’s the reality of working with ASIC—they’re not shy about slapping on late fees. Just like taxes, the longer you leave it, the worse it gets. Best to avoid those fees altogether by paying on time.
No specific form is required to pay ASIC fees online. However, you will need your unique reference number to ensure your payment is correctly matched to your account. Just make sure to include that number when making the payment, and you’re good to go!
Yes, you can make an ASIC payment on behalf of another company if you’re authorised to do so. Just make sure you have the correct company details to avoid any issues.
Waive keeps an eye on ASIC deadlines for you, sending updates and reminders before things get messy. Directors and accountants can pay directly through our platform, reducing the risk of late fees without the last-minute panic or manually entering BPAY payment details.
The simplest way to pay ASIC fees online is through Waive, where company directors can make payments quickly without the hassle of having to log into their bank and complete manual transactions. Our platform allows directors to pay ASIC fees and your professional service fees in one go—no searching for reference numbers or guessing which payment option to pick.