AusBusinessRegister.com.au

“Professional services helping foreign companies register and operate in Australia. Company formation, resident directors, ASIC compliance, and ongoing business support. Led by James Carey, CA CTA JP.”

Questions & answers

What are ASIC compliance services?

“ASIC compliance services keep a company's ASIC records and lodgements up to date. They cover the annual review, change notices, solvency resolutions and company registers. For a foreign-owned company, the provider tracks deadlines and lodges on its behalf, so nothing is missed from overseas.”

What is the ASIC annual review fee?

“From 1 July 2026, the annual review fee is $342 for a proprietary company and $1,591 for a public company. A special purpose company, such as an SMSF trustee, pays $70. A registered foreign company instead pays $1,583 when it lodges its annual return. Late fees are $102 (up to one month late) or $428 (more than one month late).”

Does my company need a company secretary?

“Public companies must appoint one under the Corporations Act. Proprietary companies are not required to, but appointing a qualified company secretary is strongly recommended for foreign-owned companies that lack local staff familiar with ASIC procedures. It reduces the risk of missed deadlines, incorrect lodgements, and compliance penalties.”

What happens if we miss an ASIC deadline?

“Late annual review fees are $102 if paid within 1 month of the due date, or $428 if more than 1 month late. Other late lodgements can result in infringement notices with penalties ranging from hundreds to thousands of dollars. Persistent non-compliance may lead to deregistration. Directors and company secretaries can be held personally liable.”

What documents do Australian banks require from foreign companies?

“Banks typically require: ASIC company registration documents (certificate of registration, company extract), ABN confirmation, certified copies of foreign incorporation documents, identification documents for all directors and beneficial owners (passport, proof of address), company constitution or articles, board resolution authorising account opening and appointing signatories, completed bank application forms, and sometimes audited financial statements.”

Which Australian banks are best for foreign companies?

“Major Australian banks accepting foreign company applications include: ANZ (generally accommodating to foreign companies), Westpac (has international business banking specialists), NAB (experience with foreign companies), Commonwealth Bank (largest bank but can be strict on foreign applications), and various second-tier banks like Bank of Queensland, Macquarie Bank, and Judo Bank.”

Can a foreign company get an ABN?

“Yes, foreign companies can obtain an ABN if they are carrying on an enterprise in Australia. You must demonstrate genuine Australian business activities, not merely passive investment or speculative future plans. The entity must be making supplies of goods or services in connection with its Australian enterprise.”

Do I need to be in Australia to apply for an ABN?

“No, you do not need to be physically present in Australia to apply for an ABN. Foreign companies can apply from overseas, though you will need to provide certified documentation and may need to work through a registered tax agent. Your business activities must have an Australian connection, but your directors and staff can be based overseas.”

Data formats & record details

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Entity ID
urn:readyscan:entity:ausbusinessregister-com-au-q140184316
Material fingerprint
fnv1a64:60be844ceca83908
Entity revision
fnv1a64:34628323915487ef
Published
2026-10-24
Modified
2026-10-24
Source summary
AusBusinessRegister.com.au: “Professional services helping foreign companies register and operate in Australia. Company formation, resident directors, ASIC compliance, and ongoing business support. Led by James Carey, CA CTA JP.”
Evidence record
urn:readyscan:corpus:evidence:ausbusinessregister-com-au-q140184316