What is an ASIC corporate key?
A corporate key is an 8-digit number linked to a specific company. Similar to a PIN for a bank account, it is used to secure, access and make changes to all your company information. Think of it as your personal password to the ASIC website. Only an authorised person, such as a company director, or an authorised agent (a lawyer or an accountant) should have access to the key.
At LawPath, we provide a quick and simple to use company registration service. We also have a range of additional services to help protect your new company.
When will I receive my corporate key?
Your company will have only one corporate key. It is usually received upon registering your company and accompanying your annual statement each year. A letter with your corporate key is sent to your registered office within 2 days of company registration. If you haven’t received your corporate key after 5 business days you may need to request a new one with ASIC.
When will I need to use my corporate key?
A corporate key is used to register your company for online access. With a corporate key you will have access to all your company details, and the ability to lodge various forms and receive your annual statement. As of November 2015, all changes to company details must be made online.
Alternatively, if you need to lodge in paper any of the forms below, you will need to include your corporate key:
- Form 362 Notification by a company to nominate or cease a registered agent or contact address;
- Form 370 Notification by officeholder of resignation or retirement; and
- Form 486 Notification to nominate, change or cease a contract address for a company.
How do I apply for a corporate key?
It is important to keep your key. The key lasts for the life of the company but there are circumstances where it will need to be cancelled, such as:
- If you haven’t received the key within 5 days;
- If the key is lost or forgotten; or
- If you believe that unauthorised persons have access to the key and company details.
A cancelled key cannot be used. In this situation, you will need to apply for a new corporate key. A new key can be requested by:
- a company officeholder;
- a registered agent;
- a liquidator; or
- an external administrator.
Ready to register a company? Contact a LawPath consultant on 1800LAWPATH to learn more about customising legal documents, obtaining a fixed-fee quote from our network of 600+ expert lawyers or to get answers to your legal questions.