Small business annual statements and late fees
Every company has an annual review date, which is usually on the anniversary of its registration date.
We will send your company’s annual statement to you each year within a few days of your company’s annual review date. Contact us if you have not received the annual statement within five days of the review date.
Your annual statement contains a covering letter, a company statement and an invoice statement. If the information is not correct, you must tell us about any changes within 28 days after the date of issue of the statement by changing your company details online or Form 492 Request for correction.
If the information contained in the annual statement is correct, you have two months to pay the amount on the invoice statement.
If information on the annual statement is incorrect, you must provide us with the correct details within 28 days of the date of issue of the annual statement by changing your company details online. If you do not provide the correct information within the 28 days, you will be charged a late lodgement fee as follows:
up to one month late – $79
more than one month late – $329.
When your company details change, you must notify us within 28 days: see Keeping your company details up to date.
More information on this topic
More information on the ASIC website
Annual statements and late fees - INFO 3