Each year, ASIC requires your company to complete an annual review to stay registered. The review has three parts.
Pay the annual review fee.
Check and update your company details.
Pass a solvency resolution.
Paying the review fee
ASIC sends an annual statement on your company’s registration anniversary. It summarises your company details and includes an invoice for the review fee. The statement goes to your registered agent’s address, your registered office address, your nominated mailing address, and your online account. For a proprietary company, the fee is $342 (July 2026 rate).
Late fees
You have two months from the review date to pay. For example, if your review date is 1 July, the deadline is 1 September. If you pay late, you’ll be charged:
Up to one month late: $102
More than one month late: $428
ASIC may waive late fees in circumstances beyond your company’s control, such as:
Delays caused by ASIC
A court order
Records damaged by fire, flood or other disaster
Natural disasters that prevent access to records
Updating company details
If any details in your annual statement are incorrect, notify ASIC within 28 days of receiving it. To update your details, see How can I make changes to my company?
Solvency resolution
There’s no fee for the solvency resolution, but you must pass one every year. A majority of the directors must pass it, stating whether they believe the company is solvent or insolvent. You only need to notify ASIC if the resolution is negative or if the directors don’t pass one.
For more detail on the review and late fees, see our detailed guide.
Lawpath assisted company review
If you’re on the ASIC Compliance Plan or a Business Compliance Plan, Lawpath will notify you of upcoming renewals and process the review for you in three steps.
Select “Review your company” from your dashboard. If you have multiple companies, go to the Compliance menu, select “Renew your company,” and choose the company.
Sign the authority forms in your account and pay.
Lawpath drafts the solvency resolutions and provides your ASIC statement so you can confirm the details. You’ll then receive an email confirming the review is complete, along with any additional steps.