ASIC Invoice Statements

© Australian Securities & Investments Commission.
   Reproduced with permission.

ASIC invoice statements may include details of:

  • annual review fees;
  • document lodgement fees; and
  • late fees including:
    • late lodgement fees,
    • late review fees, and
    • late payment fees.

 

Here is an explanation of when the three types of late fees are charged.

Invoices will be sent to the company’s registered office, nominated contact address or the registered agent, if one is appointed by the company.

If the invoice is not paid, a second request will be sent directly to the officeholder.

Sample invoice statement

Here is a sample ASIC invoice statement

The account summary shows the outstanding balance, new items and payments or credits received.

Payments ASIC receive are matched against a statement or item of the same amount. For example, if you pay $212 the system will look for an invoice statement or item of that amount such as a company’s annual review fee. We then apply the payment against that item.

Transaction details are listed on the invoice statement, they:

  • provide a summary of fees and payments
  • list all unpaid transactions, both new and old
  • include descriptions and amounts owing for all transactions shown.

 

Examples of transaction details

Transactions for this period
Amount ($)
2008 Annual Review – Due XX/XX/2008
$212.00
 All companies must review their company statement annually and pay their annual review fee ($212.00 for proprietary companies)
Late Payment Fee – Up to one month late.
Annual Review Fee Due XX/XX/2008
$65.00
 The annual review fee must be paid within 2 months of the review date of the company. If up to one month late, the company is charged a late payment fee of $65.00 in addition to the annual review fee
Late Payment Fee – more than 1 month late.
Annual Review Fee Due XX/XX/2008
$205.00
 If the payment is more than one month late, the company is charged a second late payment fee of $205.00, in addition to the initial late payment fee of $65.00 (a total of $270.00) as well as the annual review fee.
Late notification/review details – L2
$270.00
 The company changed details well before its review date. When it received and reviewed its annual statement it failed to notify the change within 28 days of the date of issue of the annual statement. It eventually notified ASIC more than a month after the 28 day period. The company is charged a late review fee of $270.
Appointment Or Cessation Of A Company Officeholder – L2
$270.00
 Appointment or cessation of a company officeholder notified to ASIC more than one month after the 28 day notification period (The transaction reference number contains the form code for the transaction, 484E). The company is charged a late lodgement fee of $270.

ASIC lodgement, review and late fees are not subject to GST.

Payment of invoices

The payment slip details payment options available.

How to check if the invoice has been paid

In line with normal business practice we do not issue receipts for payment. If you wish to confirm that we have received payment, you can view your company account at any time through our online service or through EDGE. You can also contact your financial institution or your registered agent.

How to check that forms have been received by ASIC

Check our National Names Index to confirm whether we have received a form. It shows a list of all documents lodged with ASIC by a company.

This information is for guidance only and is not intended as specific advice to any reader. Professional advice should be obtained before acting on any information contained herein. The publisher accepts no responsibility for loss occasioned to any person or organisation as a result of action or the refrain of action as a consequence of the contents of this publication.