Each financial year ASIC indexes the fees applicable to register a company as well as the annual review fees to key a company registered.  The ASIC fee increases 2020 are as follows:

ASIC fee increases 2020 – company registration fees

The following fees apply from 1 July 2020:

Company Registration Fees Current Fee From
1 July 2020
Application for registration as an Australian Company (proprietary company that has share capital) $495 $506

 

ASIC annual review fees 2020

From 1 July 2020, the annual review fee for an existing company upon the anniversary of their incorporation (or date of registration) is as follows:

Company Registered As Current Fee From
1 July 2020
A proprietary company (except a special purpose
company)
$267 $273
A special purpose company (proprietary)* $54 $55

*This fee applies for a special purpose SMSF trustee company.

Upfront annual review fees 2020 – 10 year pre-payment

A company or registered scheme may elect to pay the fee specified above as an upfront or advance payment for fees in relation to review dates for a period of 10 years. The ASIC fee increases 2020for upfront annual review fees are as follows:

Company Registered As Current Fee From
1 July 2020
A proprietary company (except a special purpose
company)
$1977 $2020
A special purpose company (proprietary)* $375 $383

*This fee applies for a special purpose SMSF trustee company.

Fees for commonly lodged documents – ASIC fee increases 2020

For a full list of ASIC fees applicable from 1 July 2020, visit the ASIC website: Fees for commonly lodged documents

How Quill Group can assist with ASIC fees

Quill Group are ASIC Registered Agents and acts as intermediaries between officeholders of companies (director / business owners) and ASIC to help companies meet their lodgement obligations more efficiently.

Officeholders of an Australian company are ultimately responsible for the companies compliance the benefits of Quill Group as the Registered Agent is we handle a large volume of companies and are very familiar with the requirements companies need to meet under the Corporations Act 2001 (the Act).

Specifically, Quill provides the following as part of our Registered Agent service:

  • Electronic receipt and download of Annual Company Statement from ASIC and reviewing and liaising with company director to ensure all details are accurate and fees are paid on time to avoid ASIC late fines and penalties;
  • Ensure ASIC requirements are met in terms of reporting time frames;
  • Lodgement of ASIC forms online;
  • Protection against unauthorised and fraudulent changes to your company details;
  • Option for Quill Group to act as the Company Registered Office of the company and physically hold the company register;

You can read more about our registered agent service here: ASIC Registered Agent and Registered Office