🇦🇺Australia

ASIC Late Notification Fines

2 verified sources

Definition

Companies must update ASIC on structural changes within 28 days; late filings attract civil penalties and fees.

Key Findings

  • Financial Impact: AUD 93 late fee per notification; additional civil penalties up to AUD 1,100+
  • Frequency: Per change event (e.g., director details, address updates)
  • Root Cause: Manual tracking of 28-day deadlines across multiple regulatory notices

Why This Matters

The Pitch: Office administration firms in Australia 🇦🇺 incur AUD 93+ late fees per notification. Automation of ASIC filings eliminates this risk.

Affected Stakeholders

Company Secretary, Office Administrator, Director

Deep Analysis (Premium)

Financial Impact

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

ATO BAS Lodgement Penalties

AUD 222 minimum fine per late BAS lodgement; up to AUD 1,110 for repeated failures

Annual Review Fee Late Penalties

AUD 96+ late fees added to annual review fee (AUD 310 base for proprietary companies)

Manual STP Phase 2 Reporting Delays

20-40 hours/month manual payroll reporting and verification

Diebstahl und Schwund von Büroanlagen durch fehlende Inventurkontrollen

Quantified (logic-based): For a business holding AUD 500,000 of office and IT equipment over a 3–5 year cycle, 1–3% loss through theft/shrinkage equates to AUD 5,000–15,000. For larger multi‑site organisations with AUD 2m in office assets, this rises to AUD 20,000–60,000 in economic loss.

Überhöhte Wartungs- und Ersatzbeschaffungskosten durch mangelhafte Anlageninventur

Quantified (logic-based): For a mid‑size office with AUD 200,000 annual spend on office equipment, maintenance and small plant, a conservative 5–10% avoidable cost due to poor asset inventory equals AUD 10,000–20,000 per year. In multi‑site operations spending AUD 800,000, the avoidable portion rises to AUD 40,000–80,000 annually.

Verlust von nicht ausgeschöpften Mitteln und ineffizienten Jahresend-Ausgaben

Quantified: ~1–3% des zugewiesenen Budgets als verfallene Mittel oder ineffiziente Jahresend-Ausgaben (≈AUD 20,000–150,000 p.a. bei einem Budget von AUD 2–5m).

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