𝐊𝐞𝐞𝐩𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐮𝐩 𝐭𝐨 𝐝𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐀𝐒𝐈𝐂
When you have a company there are a number of addresses that need to be current. Any changes need to be updated with ASIC within 28 Days. Otherwise, there are potential late fines. These addresses can be:
- Registered Office
- Principal Place of Business
- Directors (Officeholders)
- Shareholders (Members)
The easiest way to update these addresses is to engage your accountant to be your ASIC Agent as well. I always encourage my clients to engage us as their ASIC Agent.
For our clients, we just ask them to email us their new address details. We complete a simple form with ASIC, called a Form 484 “Changes to company details”. We send it out for digital signature and when signed and returned we lodge the form.
We like to avoid late fees for our clients. When ASIC is notified after 28 days of the change the company can be fined $87. However, if you advise ASIC one month after the 28 days period, the company can be fined $362.
Having the wrong address listed with ASIC can result in legal documents being sent to the wrong address. A person taking legal action will send documents to your registered office. If that address is wrong you may have a legal ruling made against you without your knowledge.
At Key Tax Solutions we aim to provide you with advice when your business needs it, not just when you ask for it.
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