ASIC Whitewash Compliance Service
from $990 (INCL GST)
Protecting Directors, Satisfying Lenders, Supporting Growth
When a company helps someone acquire its shares—whether by guaranteeing a loan, offering security, or providing funding—it’s likely giving financial assistance. Under Section 260A of the Corporations Act, this triggers strict compliance obligations. Our Whitewash Compliance Service helps you meet those obligations clearly, quickly, and safely.
Whether you're promoting new partners, expanding ownership, or planning succession, we ensure the transaction proceeds without risk to directors, lenders, or shareholders.
What Is the Whitewash Procedure?
Whitewashing is the approved legal process that allows financial assistance in share acquisitions, so long as it's sanctioned by shareholders and properly disclosed to ASIC. Without it, directors risk breaching their duties and lenders may refuse to support the transaction.
Common Use in Professional Firms
For firms in accounting, law, and consulting, internal equity transitions often trigger financial assistance. Our service is purpose-built for:
- Promoting senior staff to partnership, often supported by firm-backed finance
- Facilitating mergers and restructures that require equity realignment
- Supporting buy-ins as part of succession plans or retention strategies
- Coordinating compliance across service trusts or multi-entity structures
These moments are strategic, and often urgent. We help you move forward without delay or risk.
What We Deliver
Every whitewash transaction is unique, so we tailor our service to fit yours.
We are an ASIC agent and are happy to assist with the Whitewash compliance process, and work alongside your legal and admin team where needed. Our support includes:
- Preparing ASIC forms and explanatory shareholder material
- Working with your existing templates or supplying tailored documentation
- Coordinating meetings, statutory delays, and lodgment schedules
- Project managing the process to ensure deadlines are met and all components align
Whether you're dealing with one entity or a multi-structure group, our service scales to fit. We get it done right, on time.
Why Timing and Accuracy Matter
Whitewash lodgements must follow strict statutory windows:
- Form 2602: Lodged at least 21 days before giving assistance
- Shareholder meeting: Special resolution passed with 75% support
- Forms 2205 and 2601: Lodged at least 14 days before assistance
Failure to comply can invalidate the transaction or expose directors to legal liability.
How much does theWhitewash Compliance Service cost?
ASIC forms preparation and project management: from $990 for each entity.
Ready to Proceed?
Whitewash compliance doesn’t have to be a bottleneck. Our team simplifies the process and keeps your equity transaction moving.
Contact us today for a free quoation.
