ASIC Annual Review 2026: Fees, Due Dates and Penalties Explained

Running a company in Australia comes with ongoing compliance responsibilities, and one of the most important is the ASIC annual review.

While it’s a routine process, missing deadlines can quickly lead to avoidable penalties, compliance risks, and even deregistration.

• The key?
• Understand your review date,
• Act within deadlines,
• And have a simple system in place.

Key Takeaways

• ASIC annual review fees are mandatory for all registered companies
• A proprietary company fee is approx. $329 (subject to indexation)
• Late fees apply automatically:

• $98 (within 1 month late)
• $411 (after 1 month late)
  Payment is due within 2 months of your review date
  Missing deadlines can lead to penalties + deregistration risk

What Is an ASIC Annual Review?

An ASIC annual review is a yearly process required to keep your company registered.

• Each year, ASIC will:
• Issue an annual statement
• Require you to review company details
• Require directors to pass a solvency resolution
• Require payment of the annual review fee

Important:
This is separate from your tax return with the ATO

What You Must Check During the Review

Don’t just pay the invoice — review your details carefully

• Registered office address
• Principal place of business
• Director & shareholder details
• Share structure

If details are incorrect, update them immediately through ASIC

Understanding Your ASIC Review Date

Your review date = anniversary of company registration

ASIC sends your annual statement on this date
You then have 2 months to act

Common mistake:
Waiting until you “see the email” instead of tracking the date

Simple Compliance Calendar (Best Practice)

Set 3 reminders every year

• 30 days before Prepare
• Review date Check statement
• 2 weeks before due date Pay fee

This alone can eliminate late fees completely

ASIC Annual Review Fees (2026 Guide)

ASIC fees are indexed annually, but typically:

• Proprietary company Standard annual fee
• Public company Higher fee
• Special purpose company Reduced fee (if eligible)

Always confirm current fees before payment

What Happens If You Miss the Deadline?

Late fees are applied automatically

That’s more than double the original cost

Bigger Risk: Deregistration

If ASIC obligations are ignored repeatedly:

• Company may be deregistered
• Business operations may be disrupted
• Restoring company is costly and complex

Step-by-Step: How to Stay Compliant

Follow this simple system every year

1 Track your review date

Add it to your calendar early

2 Check ASIC communication

Ensure emails & address are correct

3 Review company details

Fix errors immediately

4 Pass solvency resolution

Confirm company can pay debts

5 Pay on time

Allow for approvals & processing delays

6 Store records

Save statement + payment proof securely

Common Mistakes (And Fixes)

Ignoring ASIC emails

Fix: Whitelist ASIC emails

Assuming accountant will handle it

Fix: Assign clear responsibility

Not updating company details

Fix: Update changes immediately

No compliance system

Fix: Use a structured calendar

How Supertax Can Help

Managing ASIC compliance can be simple when done right

• Track your ASIC review dates
• Ensure company details are accurate
• Handle annual review & fee payments
• Maintain full ASIC compliance
• Help you avoid penalties & deregistration risks

Simple Rule

If you don’t track your ASIC deadlines...
You’ll end up paying penalties

Talk to Supertax Today

https://supertax.com.au/

• Suite 1, 7 Bridge St, Werribee VIC 3030
• (03) 7074 8818
• info@supertax.com.au

FAQs

What is the ASIC annual review fee?

It’s a yearly fee required to keep your company registered with ASIC.

When is it due?

Within 2 months of your company’s review date.

Can late fees be waived?

Rarely — best to avoid them completely.

Is this the same as tax return?

No — ASIC review is separate from ATO tax obligations.

This article contains general information only and does not take your personal circumstances into account. Tax and superannuation rules change, and some measures discussed may be subject to legislation. Speak with a registered tax agent before acting.