If you are an owner of a small business looking to expand or undergo a rebrand, you may have legal obligations and responsibilities under the Corporations Act 2001 (Corporations Act) to update ASIC of any changes to your company’s details.
The government has made it easier for businesses to comply with these obligations by using ASIC Form 484 to make changes to company details.
To buy yourself some extra time to focus on running your business, by registering onto ASIC’s online service platform you can fill out and submit Form 484 within just minutes.
What kind of company detail changes are usually made?
If you are an officeholder of the company, in other words, the owner, director or secretary of your business, the common changes that can be made using Form 484 can include:
- Change of company address, names of officeholders, and ultimate holding company;
- Ceasing or appointing company officeholders;
- Changes to shares or share structures; and
Appointing or ceasing the registration of members.
When do I need to submit Form 484?
If any changes are made to the company details you will be required to submit Form 484 within 28 days otherwise a late fee will apply:
- one month late: $75.00
- more than one month late: $312.00
Ensure you register online and allow enough time for Form 484 to process.
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