Blog

25. Problem errors when registering a company (Posted On 07-09-2017)

When registering a company it is very important that all details are entered correctly. Continue Reading ...

24. Authorised Representatives of an AFS Licensee (Posted On 07-07-2017)

An authorised representative can be appointed by an Australian financial services (AFS) licensee to provide specified financial services on behalf of the licensee. Continue Reading ...

23. ASIC fee increase from 1 July 2017, however, our prices will remain “unchanged” (Posted On 30-06-2017)

ASIC increases its company lodgement fees every year and has now released their updated fees for commonly lodged documents effective from 1 July 2017. Continue Reading ...

22. Options available to companies in case of financial difficulties (Posted On 12-09-2016)

The corporations act states various ways in which a company can deal in times of financial distress. Continue Reading ...

21. Registered Office, place of business and working hours (Posted On 01-09-2016)

Section 142 Registered Office A company must have a registered office in this jurisdiction. All communications and notices to the company may be addressed to its registered office. Continue Reading ...

20. What are the Company powers outlined in the corporations Act 2001 and how they are exercised? (Posted On 18-07-2016)

According to subsection 124(1) of the Corporation Act 2001, a company has a legal capacity and powers of an individual as well as of a body corporate which includes power Continue Reading ...

19. What is the Reduction of Share capital of a Company? (Posted On 30-05-2016)

A reduction of share capital of a company is when any money paid to a company in respect of a member's share is returned to the member. Continue Reading ...

18. What are the different types of Company resolutions (Posted On 06-05-2016)

Resolutions are the formal means by which decisions are made at a meeting of company members. There are two types of resolutions ordinary and special resolutions. Continue Reading ...

17. What is difference between AUS Key and ASIC Key? (Posted On 23-09-2015)

AUSkey is a secure login that identifies you when you use participating government online services on behalf of a business and allows you to access and send business information to government online. Continue Reading ...

16. How to maintain Records of shares of a company? (Posted On 16-09-2015)

The Corporation Act requires every company with share capital to maintain a record of all the shares that the company has issued. This record is called the ‘Register of members’ or ‘Share register’. Continue Reading ...

15. Who are members of the Company? (Posted On 31-08-2015)

A member of a company is commonly called a shareholder. Members of a company have certain rights and responsibilities. Continue Reading ...

14. What is ‘Check Availability’ functionality for company name? (Posted On 20-08-2015)

The first step for registering a company with ASIC is to check whether the company name you want is available or not. Continue Reading ...

13. Appointment of Company Secretary of the Company (Posted On 24-07-2015)

A company secretary position is usually a senior managerial position within an organization. The secretary is responsible for the administration of a company in relation to company's compliance with various statutory and regulatory policies, rules and regulations. Continue Reading ...

12. What are things to be kept in mind when you become a company’s Director? (Posted On 29-05-2015)

If you are a Director of a company, you must follow the requirements set out in the Corporations Act 2001 (the Act). ASIC is the company law watchdog and keeps track of compliance of company law. Continue Reading ...

11. What are legal obligations regarding the company name and ACN? (Posted On 22-05-2015)

A company name must always show its legal status. A proprietary company must include the word 'Proprietary' or the abbreviation 'Pty' in its name and must also show the liability of its members, unless the members' liability is unlimited. Continue Reading ...

10. What is Company’s Annual statement? (Posted On 14-04-2015)

Annual Statement of the Company is issued by ASIC each year within a few days after its annual review date. For most companies, the annual review date will be the same as their date of registration. Continue Reading ...

9. How to access company information? (Posted On 05-03-2015)

Company information can be sought from various sources like : Continue Reading ...

8. What is a Public Officer? (Posted On 03-06-2014)

A public officer is the primary contact person of the company in relation to all the company’s obligations under the Income Tax and associated regulations. He is a company's representative to the Australian Taxation Office (ATO) and is responsible for ensuring that the company complies with the taxation law. Continue Reading ...

7. How much financial knowledge does a company director need? (Posted On 20-02-2014)

Is it important to be a financial expert before becoming a company director? Continue Reading ...

6. What reports do Australian companies need to prepare each year? (Posted On 05-12-2013)

The Corporations Act says, in most circumstances, small companies don't have to prepare annual reports, however, it is very good business practice to do so Continue Reading ...

5. How many shareholders do you need to form a company? (Posted On 26-11-2013)

How many shareholders do you need to form a proprietary company in Australia? Continue Reading ...

4. Why should I use a registered agent to assist with forming my company? (Posted On 20-11-2013)

An ASIC-registered agent performs the very important task of acting on behalf of companies when they need to deal with Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC). Continue Reading ...

3. Who can be a company director? (Posted On 14-11-2013)

Perhaps it is easier to start by explaining who cannot be an Australian company director. Continue Reading ...

2. What are the responsibilities of a company secretary? (Posted On 25-03-2013)

It is not essential that a proprietary company have a company secretary. If it is to have one, he must be ordinarily resident in Australia and must be at least 18 years old. Before the company can be registered, the nominated company secretary must provide his written consent to act in that capacity. In addition, if he is disqualified from managing corporations under the Act, either the permission of the Australian Securities and Investments Commission (“ASIC”) or the consent of the court must be obtained before he can be permitted to act as company secretary. Continue Reading ...

1. Exploring Key Business Structures within Australia (Posted On 07-03-2013)

What are the main options of business structures available to an individual to set up a business? Before commencing any business it would be prudent to examine the risks associated with various types of business structures. Continue Reading ...