You will receive an annual statement from ASIC. This statement will provide a summary of your company details with an invoice for your company’s annual review fee. These are annual fees that must be paid according to the Corporations (Review Fees) Regulations 2003. Your annual statement is sent to the registered agent’s address, as well as your company’s registered office address, nominated mailing address and online account. The ASIC Review Statement is sent from ASIC on the anniversary of your company registration date.
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There are 3 components to the ASIC Review to keep your company registered (previously known as ASIC renewal)

The fees as of July 2023 for a proprietary company: $310

You will have 2 months to pay the annual fee. For example, if the date of the annual review is 1 July, you will have until 1 September to pay. If you miss this deadline, you will have to pay a late lodgement fee as follows:

Late fees may be waived in circumstances beyond the control of the company, such as:

It’s important that you update your company’s details if they are incorrect in your annual statement. If you have made changes, you will need to notify ASIC of any within 28 days of receiving the statement. You will have to pay a $80 late fee if you notify ASIC up to a month late and $333 for more than a month late.
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​If you need to update/change your company details, please check this article:

Although there are no fees involved, you must pass a solvency resolution annually. This resolution needs to be passed by a majority of the directors in your company. It will indicate whether the company directors believe that the company is solvent or insolvent. You only have to notify ASIC if the resolution is negative or if the directors do not pass a resolution.

You can find out more about the ASIC annual review and what late fees are in our detailed guide here.
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If you are on the ASIC Compliance Plan or our Business Compliance Plans, Lawpath will keep you notified and on top of your upcoming renewals.
We can process the Review in 3 simple steps!
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​1. Select 'review your company' from the dashboard:
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Or if you have multiple companies, choose from the Compliance menu, select "Renew your company" & select the company
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2. Quickly and easily sign the Authority forms from in your account and pay:
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3. Lawpath will then draft the Solvency Resolutions for your company and provide your ASIC Statement to ensure the details are still correct.

You will then be emailed the review is complete and any additional steps if needed for your company!