Within 10 days after a company's review date (but usually within 2 -3 days), ASIC will electronically send you a Company Statement and an invoice for the Annual Review fee.
To download this information:
From the Lodgment menu, click Retrieve Reports / Data Download.
HandiRegister saves downloaded company statements and invoices automatically in the respective companies' folders under the Who directory on your computer.
You have three responsibilities in relation to the company’s Annual Review.
Check the Company Statement. If the Statement is correct, you do not need to take any further action; however, if the Statement requires corrections, you must notify ASIC of the required corrections using a Form 484. You must lodge the Form 484 within 28 days of the Company Statement’s issue date.
Pay the Invoice. Payment is required within two months of the company’s review date.
Pass a Solvency Resolution within two months of the company’s review date.
If the resolution was favourable, and the directors passed it within the 2-month time-frame, you do not need to take any further action. Where the resolution was unfavourable, or the directors did not pass it within the 2-month time-frame, you must notify ASIC using a Form 485.
ASIC imposes an Annual Review fee and lodgment fees for some forms. ASIC may impose fines if you do not lodge forms within the period specified by ASIC. Please contact ASIC for details of lodgment deadlines, fees and fines.
Whenever ASIC imposes the Annual Review fee, a lodgment fee or lodgment fine, they will place an invoice in your electronic mailbox. HandiRegister will then retrieve that invoice when you next connect to ASIC. Once you have retrieved an ASIC invoice, you should View and Print the invoice or Save the invoice to a location on your computer where you are likely to check it daily to remind yourself of the payment due date, and then pay the required amount to ASIC.
View and print an ASIC invoice:
From the Process menu, click Print ASIC Invoices.
Highlight the relevant invoice and then click Open.
To print the invoice, click Print, OK.
To save the invoice right click, Save as.
To exit from the “Report Preview” window, click Close.