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You may already be aware that as of 1 July 2020, ASIC fees increased. This may affect you in the following ways:
The New Company Incorporation Fee increased from $495 to $506.
The ASIC Annual Review Fee for a Pty Ltd company increased from $267 to $273. You will see this increase reflected in your Annual Company Statement.
There are also increases to ASIC fees related to Company Name Change, Company Deregistration and Business Name Registration. Information regarding these fees may be accessed on the ASIC website.
If the ASIC Annual Review Fee is not paid by the due date you will incur ASIC Penalties. This fee has increased to $82.00 for up to one month late and $340.00 for more than one month late). Note that Smith Shearer will not be responsible for late payment of the Annual Review Fee.