Every registered company in Australia has an annual review date. This is usually the anniversary of its registration date. Soon after this date, ASIC will issue each registered company an annual statement and an invoice for the annual review fee. Each year the annual statement will outline the company’s current information extracted from the ASIC register concerning the company’s officeholders, registered addresses and members details and share structure.
If there are discrepancies between the company’s information and the data on the ASIC register, these will need to be corrected. If all details are correct, then the invoice should be paid and a solvency resolution prepared.