25. What is an Annual Review?

A few weeks prior to the anniversary of the incorporation of your company you will receive from ASIC an extract of particulars (company statement) showing the current details of your company as they appear on the ASIC database. The purpose of this is for you to check that your company details are correct. If they are different to those on the ASIC database you must let ASIC know. You must disclose to ASIC all company changes as and when they occur (within 28 days to avoid a penalty) via the preparation and lodgement of the appropriate ASIC form. If you become one of our outsourcing clients we will manage the entire annual review process for you including the creation and lodgement of any necessary documents to notify ASIC of any changes to your company.