Compliance

When you’re starting a new business, it’s important to find out what registrations apply to your business to ensure you’re complying with all relevant regulations.

If you’re applying for an Australian Business Number (ABN), you can also apply for a business name and register for secure online authentication and taxes, like GST and PAYG withholding, at the same time.

As not everyone is entitled to an ABN you will be asked a series of questions to determine your entitlement.

ASIC Requirements

All company officeholders need to understand their legal obligations under the Corporations Act 2001. This includes keeping accurate financial records, passing solvency resolutions, and keeping company details up to date.

Your Company and the Law

Being a company officeholder is different to being the holder of a business name. Company officeholders (directors and secretaries) have a number of responsibilities, including those set out in the Corporations Act 2001.

What books and records should my company keep?

Company officeholders need to make sure they keep proper company records. This can include financial records, deeds, the members register, and minutes of meetings.

What does my company need to lodge with ASIC?

You need to lodge an annual review with ASIC