Why you should use a registered ASIC agent

While a business owner can choose to serve as their own registered ASIC agent, there are a number of compelling reasons why it’s usually best to hire a registered agent to assist with this important requirement.

Avoid the risks of non-compliance

The most important reason is to avoid the risk of non-compliance. You may be surprised how common it is for Australian company directors to accidentally miss paying their annual filing fee invoice and unlike the ATO, ASIC are unforgiving. If you miss a payment you will continue to be slapped with late fees until you pay. It is very rare that ASIC will consider wiping these late fees and even if you are successful, the process to request this is very tedious. ⁠Using a registered agent ensures that all the relevant forms are lodged and fees are paid on time, so you avoid unnecessary penalties.

Maintain your privacy

The address of a company’s registered agent is a matter of public record, so if your business is home-based you likely won’t want your home address listed on the ASIC company register. Also registered agents must have a physical business address, so you can’t use a PO Box as your address even if you run your business from home. Using a registered agent means you can have all your business mail sent to one place and maintain your privacy.

You work odd hours

The registered agent for a business must be available during normal business hours to accept important documents as they are delivered. If you set your own hours, you may wish to consider using a professional registered agent service provider, so that you never miss these important communications.

Stone Accountants is a registered ASIC agent and we encourage all of our corporate clients to take advantage of this service. ⁠

As your registered ASIC agent we will:⁠

  • Ensure your company annual filing fee is paid on time.⁠
  • Prepare, organise for signature, and store your required annual company solvency minute.⁠
  • Retain a signed copy of your corporate register on file.⁠
  • Receive, pass on, and file any ASIC correspondence received on your company’s behalf.⁠
  • Prepare forms and liaise with ASIC in relation to any required changes to company or director personal details e.g. addresses or shareholdings.⁠

⁠Our annual fee for this service is payable as part of your monthly fee agreement, if you have one. Otherwise it will be payable along with your annual company filing fee renewal. Your ASIC invoice is to be settled via the BPAY details contained within the filing fees renewal notice that we will email to you, while our invoice will be emailed to you separately.

⁠When you engage Stone Accountants as your ASIC agent, you can rest easy knowing that you will never miss a filing fee invoice and that all your annual corporate compliance obligations will be adequately met.

Contact us now to enquire about our registered ASIC agent service.