ASIC annual statement. Solvency resolution. Annual review fee. Once a year, every year.
Every Pty Ltd company has an annual review date — the anniversary of registration. Within 2 months of that date: verify the statement, pass a solvency resolution under s 295A, and pay the annual review fee. Miss the deadline → late fees escalate to $511+. Miss it long enough → ASIC deregisters the company.
Why this lives on XIntelliSync, not on the ASIC Connect portal
The ASIC annual statement is filed via ASIC Connect (or via your registered ASIC agent). XIntelliSync does not lodge with ASIC, does not pay the annual review fee on your behalf, and does not draft solvency resolutions. What XIntelliSync DOES: the accounting cluster prepares the financial statements (P&L, balance sheet, cash flow) your accountant uses to support the annual review — automated-financial-statement-generation produces them in AASB-compliant format and automated-annual-audit-preparation stages the supporting evidence. The article below is the 4-step annual cycle, the fee schedule per entity type, and the late-fee escalation matrix.
The 4-step annual cycle
Statement → Verify → Resolve → Pay.
Review date
Annual review date issued
ASIC issues an annual statement on each company's annual review date — the anniversary of incorporation. Statement is sent by email (or post) to the registered office. Contains: company snapshot (directors, secretaries, members, registered office, principal place of business), the annual review fee invoice, and instructions to pass a solvency resolution.
Within 14 days of review date
Verify the statement
Check every detail on the annual statement. If any detail has changed in the past year (director change, address change, share allocation, name change) and was NOT notified within 28 days of the change, lodge a Form 484 IMMEDIATELY to update + pay any associated fee. The statement reflects ASIC's register — keep it accurate.
Within 2 months of review date
Pass a solvency resolution under s 295A
Directors must pass a positive solvency resolution: there are reasonable grounds to believe the company will be able to pay its debts as and when they become due and payable. Document the resolution in writing. If a positive resolution cannot be passed, a NEGATIVE solvency resolution is required + must be reported to ASIC within 7 days via Form 485.
Within 2 months of review date
Pay the annual review fee
Pay via ASIC Connect (asic.gov.au/online-services/asic-connect) or BPay using the BPay reference on the statement. Fee schedule (2025): small Pty Ltd $321; large Pty Ltd $1,335; public company $1,547; SMSF auditor $99. Indexed annually 1 July. Late fee from $99 (1-30 days) escalating to $412+ (>30 days). Failure to pay → ASIC can deregister the company.
Annual review fee schedule (2025)
Flat fee per entity. Indexed annually 1 July.
Small Pty Ltd company
$321Most XIntelliSync customers. Annual review fee 1 July 2025 - 30 June 2026.
Large Pty Ltd company
$1,335Large = meets 2 of 3 thresholds: revenue > $50M, gross assets > $25M, employees > 100.
Public company
$1,547Both unlisted public companies and ASX-listed public companies.
Special purpose company (SPC)
$60Companies sole purpose = trustee of regulated super fund (most SMSF corporate trustees).
Registered scheme (managed investment scheme)
$1,547Public managed investment schemes (MIS).
Late payment fee — 1 to 30 days
$99Added to the original fee. ASIC Connect calculates automatically.
Late payment fee — 31 to 60 days
$412Added to the original fee + the 30-day late fee.
Late payment fee — 61 days or more
$412 + escalatingPlus deregistration warning + administrative fees + potential cancellation of registration.
Where to lodge
ASIC Connect + ASIC fee schedule references.
ASIC Connect — asic.gov.au/online-services/asic-connect
ASIC's online portal for company maintenance — annual statement payment, director changes (Form 484), share allocations, address updates, name changes. Most updates are 28-day notification windows from change taking effect.
ASIC — Fees for Commonly Lodged Documents
ASIC's authoritative fee schedule. Updated annually 1 July. Use to confirm current annual review fee + late fees + form-specific fees (Form 484 director change $0, Form 485 negative solvency resolution, Form 6010 review-date change).
ASIC — Annual Statements
ASIC's authoritative guide to the annual statement process — cycle, solvency resolution requirement, payment options, late-fee schedule, deregistration risk.
AustLII — Corporations Act s 295A (Solvency Resolution)
Free public access to s 295A — the solvency resolution requirement. Use as the legal source when training directors on the annual obligation.
All 22+ industries served
ASIC obligation focus by industry.
Construction
ASIC obligation — Annual statement + fees + solvency resolution; QBCC (QLD) + iCare (NSW) + state licensing renewals overlap. Building licence requires director-ID compliance.
Healthcare
ASIC obligation — Annual statement + corporate-services compliance; AHPRA registration overlap; service entity vs practice entity ATO + ASIC alignment critical.
Hospitality
ASIC obligation — Annual statement + fees; liquor-licensing renewal overlap (state regulator); franchise disclosure under Franchising Code of Conduct.
Retail
ASIC obligation — Annual statement + fees; retail-tenancy disclosure under state retail-leases legislation; consumer guarantees under ACL.
Professional Services / Consulting
ASIC obligation — Annual statement; financial-services licence (AFSL) overlap if providing financial advice; PI insurance disclosure.
Digital / Tech / SaaS
ASIC obligation — Annual statement + fees; ESS reporting if employee-share scheme; ASIC + AusTrade compliance for export market development grants.
Finance / Mortgage Brokers
ASIC obligation — AFSL or ACL licensing (ASIC primary regulator); financial-services responsible-manager appointments; FCAA (Financial Counsellors) regulatory overlap; breach reporting under RG 78.
Legal
ASIC obligation — Annual statement for ILPs; Legal Practice Board / Law Society dual regulation; trust account audit obligations; PI + trust account insurance.
Childcare / Early Learning
ASIC obligation — Annual statement; ACECQA registration overlap; CCS approval (federal); NFP governance under ACNC if registered as charity.
Education / RTOs
ASIC obligation — Annual statement; ASQA registration (RTO regulator); CRICOS registration if international students; ATO charity status if NFP.
Manufacturing
ASIC obligation — Annual statement + fees; AusIndustry / R&D Tax Incentive overlap if R&D claims; export-market grant compliance.
Transport / Logistics
ASIC obligation — Annual statement + fees; HVNL + Chain of Responsibility executive officer duties; NHVR registration overlap.
Mining / Resources
ASIC obligation — Annual statement; ASX continuous-disclosure obligations if listed; tenement reporting to state regulator; environmental approvals.
Agriculture / Primary Production
ASIC obligation — Annual statement (Pty Ltd); ACNC if NFP; co-operative registration via state regulator.
Fitness / Health Clubs
ASIC obligation — Annual statement; Franchising Code of Conduct disclosure; consumer guarantees under ACL for membership terms.
Not-for-Profit
ASIC obligation — CLBG registered with ASIC if not ACNC-registered; ACNC governance standards if registered as charity (replaces some ASIC reporting).
Events / Conferences
ASIC obligation — Annual statement + fees; event-cancellation insurance disclosure; consumer guarantees on tickets under ACL.
Creative / Photography / Production
ASIC obligation — Annual statement (Pty Ltd); intellectual property licensing (commercial register); Screen Australia + state agency funding compliance if producer.
Marketing / Advertising Agencies
ASIC obligation — Annual statement + fees; Spam Act 2003 compliance; APRA / PPCA licensing if music in production.
HR / Recruitment
ASIC obligation — Annual statement + fees; labour-hire licensing in QLD + VIC + SA + ACT (state registers); PI insurance disclosure for placements.
Insurance Brokers / Underwriters
ASIC obligation — AFSL licensing (ASIC primary regulator); responsible-manager registrations; APRA reporting for underwriters; Insurance Council code compliance.
Real Estate / Property Management
ASIC obligation — Annual statement + fees; state real-estate licensing (Property Services Authority etc.); trust-account audit obligations.
FAQs
ASIC annual statement + fees — answered.
When is the annual review date?
The annual review date is the anniversary of the company's registration. For example: a company registered 3 March 2020 has an annual review date of 3 March every year. Find the registration date on the original Certificate of Registration or via ASIC Connect.
What is a solvency resolution?
Under Corporations Act s 295A, directors must pass a written resolution within 2 months of the annual review date stating: "There are reasonable grounds to believe that the company will be able to pay its debts as and when they fall due and payable." All directors sign the resolution + it is kept in the company minute book. The resolution does NOT need to be lodged with ASIC unless it is a NEGATIVE resolution (Form 485 required within 7 days).
What if I cannot pass a positive solvency resolution?
A negative solvency resolution must be passed and lodged with ASIC within 7 days via Form 485. This is a regulatory red flag — ASIC may follow up + the company may need to consider voluntary administration, small business restructuring (Pt 5.3B), or liquidation. Engage a registered liquidator IMMEDIATELY when a negative resolution is contemplated. Do NOT continue trading without proper advice — insolvent-trading exposure under s 588G applies.
How is the annual review fee calculated?
Flat fee per entity type (not based on turnover or assets). Small Pty Ltd $321 + late fees if applicable. Indexed annually 1 July under the ASIC fees regulation. Special purpose companies (super-fund corporate trustees) get the discounted $60 rate provided they meet the SPC criteria + lodge the SPC declaration.
What happens if I miss the payment deadline?
Day 1-30 late: $99 added to fee. Day 31-60 late: additional $412 added (total late = $511). Day 61+ late: $412 escalating + ASIC issues deregistration warning. ASIC can deregister the company under s 601AB if outstanding > 12 months. Deregistered company loses ABN + assets pass to ASIC. Reinstatement is possible via Form 581 + reinstatement fee + back-payment of all outstanding fees + late fees.
Can I change my company's annual review date?
Yes — file Form 6010 (request to change the annual review date) with ASIC. Useful when consolidating multiple group companies onto a single review date for administrative simplicity, or aligning the review date to financial year-end. Application reviewed by ASIC; not automatic.
How does XIntelliSync help with the annual review cycle?
XIntelliSync's accounting cluster prepares the financial statements your accountant uses for the ASIC annual review. We do not track ASIC annual review dates per entity, do not generate solvency-resolution templates, and do not integrate ASIC Connect payment status. Annual review date awareness, solvency resolution drafting and signing, and ASIC Connect login + fee payment all stay with you (or your registered ASIC agent). The annual review notice itself comes directly from ASIC to your registered office address; engage your accountant for the financial-statement preparation that supports the review.
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