ASIC Company Statement Quick Intro

13 August, 2025 · 2 min read

Author

Livia Lin

Learn the essentials of ASIC’s annual company review: the three key steps you must complete

Quick summary
What is company ASIC review?
What you need to do
Smart tips

Quick summary

ASIC Company Review: Each year, around your registration anniversary, ASIC sends a statement with your company details and an invoice for the annual review fee

Your 3 key steps:
1. Pay the ASIC review fee
2. Check and update your company details
3. Pass a solvency resolution

Penalty: Late ASIC fee payment can mean fines up to $411

Extra Help: Download a free solvency resolution template or appoint ANNA as your ASIC agent

What is company ASIC review?

Every company has to complete an annual review. It’s how ASIC makes sure your company info’s up to date and your ASIC fee is paid

ASIC sends an annual statement with a summary of your registered details and an invoice for the review fee. See a sample

If ANNA is your appointed ASIC agent, the statement comes to us and we’ll forward it on. If not, it’ll land at your registered office address

Not seen it within 5 business days of your review date? Let us or ASIC know. Your review date is usually your company’s registration anniversary. If that’s changed, give us a heads up so we can update our records

What you need to do

Once you receive the statement, you’ve got three key jobs:

Step 1: Pay the annual review fee

Step 2: Check your company details and update them if needed

Step 3: Pass a solvency resolution (you can download a free template here and keep a copy on file)

Smart tips

The annual review fee is due on the date shown in your statement, usually two months after your review date. Pay it on time to avoid late fees. Check ASIC Late Fees
If we’re your appointed ASIC agent, message us in the app to update company details. You’ve got 28 days from when the change happens. Not with us yet? Want to appoint ANNA as your ASIC agent? Buzz us in the app chat and we’ll get it sorted
Directors must pass a solvency resolution usually within two months of the review date to confirm the company can pay its debts. No need to notify ASIC, just keep a copy. You can grab a free template here. Once you’re done, upload it with your annual statement to your ANNA desktop portal under Documents > Company Documents

Got questions? Reach out to us via app chat. You can also find more info about company annual reviews on the ASIC website

<< Back to ASIC Company Statement

Disclaimer
This content is general information for small businesses. You can only use the document for your noncommercial purposes. In no event shall we be held liable for any claims arising due to, or dependencies on the accuracy and completeness of the content provided. ANNA+Taxes does not provide personal or professional financial, accounting or tax advice and you should consult with external professionals for advice tailored to your situation prior to making any decisions