ASIC Annual Review 2026: Fees, Due Dates and Penalties Explained

28 Apr 2026

ASIC Annual Review 2026: Fees, Due Dates and Penalties Explained

Running a company in Australia comes with ongoing compliance responsibilities, and one of the most important is the ASIC annual review.

While it’s a routine process, missing deadlines can quickly lead to avoidable penalties, compliance risks, and even deregistration.

The key?
👉 Understand your review date,
👉 Act within deadlines,
👉 And have a simple system in place.

📌 Key Takeaways

✔️ ASIC annual review fees are mandatory for all registered companies
✔️ A proprietary company fee is approx. $329 (subject to indexation)
✔️ Late fees apply automatically:

$98 (within 1 month late)
$411 (after 1 month late)
✔️ Payment is due within 2 months of your review date
✔️ Missing deadlines can lead to penalties + deregistration risk

📖 What Is an ASIC Annual Review?

An ASIC annual review is a yearly process required to keep your company registered.

Each year, ASIC will:
👉 Issue an annual statement
👉 Require you to review company details
👉 Require directors to pass a solvency resolution
👉 Require payment of the annual review fee

⚠️ Important:
This is separate from your tax return with the ATO

🧾 What You Must Check During the Review

Don’t just pay the invoice — review your details carefully 👇

✔️ Registered office address
✔️ Principal place of business
✔️ Director & shareholder details
✔️ Share structure

👉 If details are incorrect, update them immediately through ASIC

📅 Understanding Your ASIC Review Date

Your review date = anniversary of company registration

👉 ASIC sends your annual statement on this date
👉 You then have 2 months to act

⚠️ Common mistake:
Waiting until you “see the email” instead of tracking the date

💡 Simple Compliance Calendar (Best Practice)

Set 3 reminders every year 👇

📅 30 days before → Prepare
📅 Review date → Check statement
📅 2 weeks before due date → Pay fee

👉 This alone can eliminate late fees completely

💸 ASIC Annual Review Fees (2026 Guide)

ASIC fees are indexed annually, but typically:

Proprietary company → Standard annual fee
Public company → Higher fee
Special purpose company → Reduced fee (if eligible)

👉 Always confirm current fees before payment

🚨 What Happens If You Miss the Deadline?

Late fees are applied automatically 👇

Scenario	Cost
Annual fee	~$329
Late (within 1 month)	+$98
Late (after 1 month)	+$411
Total possible	~$740

👉 That’s more than double the original cost 💸

⚠️ Bigger Risk: Deregistration

If ASIC obligations are ignored repeatedly:

❌ Company may be deregistered
❌ Business operations may be disrupted
❌ Restoring company is costly and complex

🪜 Step-by-Step: How to Stay Compliant

Follow this simple system every year 👇

1️⃣ Track your review date

Add it to your calendar early

2️⃣ Check ASIC communication

Ensure emails & address are correct

3️⃣ Review company details

Fix errors immediately

4️⃣ Pass solvency resolution

Confirm company can pay debts

5️⃣ Pay on time

Allow for approvals & processing delays

6️⃣ Store records

Save statement + payment proof securely

❌ Common Mistakes (And Fixes)

❌ Ignoring ASIC emails

✔️ Fix: Whitelist ASIC emails

❌ Assuming accountant will handle it

✔️ Fix: Assign clear responsibility

❌ Not updating company details

✔️ Fix: Update changes immediately

❌ No compliance system

✔️ Fix: Use a structured calendar

💼 How Supertax Can Help

Managing ASIC compliance can be simple when done right 👇

👉 Track your ASIC review dates
👉 Ensure company details are accurate
👉 Handle annual review & fee payments
👉 Maintain full ASIC compliance
👉 Help you avoid penalties & deregistration risks

💡 Simple Rule

👉 If you don’t track your ASIC deadlines…
👉 You’ll end up paying penalties ⚠️

📞 𝗧𝗮𝗹𝗸 𝘁𝗼 𝗦𝘂𝗽𝗲𝗿𝘁𝗮𝘅 𝗧𝗼𝗱𝗮𝘆

🌐 https://supertax.com.au/

📍 Suite 1, 7 Bridge St, Werribee VIC 3030
📞 (03) 7074 8818
📧 info@supertax.com.au

❓ FAQs

What is the ASIC annual review fee?

It’s a yearly fee required to keep your company registered with ASIC.

When is it due?

Within 2 months of your company’s review date.

Can late fees be waived?

Rarely — best to avoid them completely.

Is this the same as tax return?

❌ No — ASIC review is separate from ATO tax obligations.