Resident Agent Services in Australia
Currently acting as resident agents for many registered companies in Australia, we are equipped with the right expertise and tools to help you save time and avoid incurring late fees and penalties due to lack of resources for expertly navigating compliance.
Our Resident Agent Services
What is a Resident Agent in Australia?
A resident agent (also known as an ASIC registered agent) is an individual or company/entity that helps a company meet their statutory requirements for registration, ongoing compliance, and deregistration by lodging documents, receiving official notices, and managing company records on behalf of the company. Resident agents are also responsible for notifying ASIC of any changes to a company’s details (i.e., company name, registered address, directors, etc.).
If an individual, must meet the following qualifications:
- be at least 18 years old
- ordinarily residing in Australia, preferably in the state where the business is registered
- must be recognized by ASIC as a registered agent and have their own resident agent number
- must carry on business under their own name
- have an Australian Business Number (ABN)
- possess none of the disqualifications provided under the ASIC Registered Agent Terms and Conditions
If a company or entity, must meet the following eligibility requirements:
- must be currently registered with ASIC with good standing and a registered business address
- must be recognised by ASIC as a registered agent and have their own resident agent number
- must have an Australian Business Number (ABN)
- must nominate an individual person to act as the resident agent, recognized by ASIC as the “responsible person” who will be held accountable for the performance of the company providing the service; this person must be registered with ASIC as an officeholder (director or secretary) of the company agent
- possess none of the disqualifications stipulated in the Commonwealth Corporations Act 2001
No registered companies are allowed to act as their own resident agents. They are mandated by law to appoint a third party to fulfil the role.
Roles and Responsibilities of a Resident Agent in Australia
Domestic companies appoint resident agents to alleviate the stress of not meeting their statutory requirements and avoid incurring late fees and penalties. Foreign companies, on the other hand, are required by law to appoint a resident agent to serve as their local representative for communicating with the government for ongoing compliance as well as receiving summons or legal proceedings served to or against their local entity in Australia.
Australian resident agents generally perform the following duties:
- Submit application for company registration to ASIC
- Submit application for reservation of company name to ASIC
- Submit application for compliance obligations to ATO and relevant government agencies (if required)
- Manage correspondence for the status of application with ASIC and other government agencies
- Lodge annual returns, financial statements, and other reporting requirements to ASIC before deadlines
- Notify ASIC of key changes to company details (i.e., appointment/resignation of director/s, change of principal place of business, change of company name, etc.)
- Stay on top of new developments to compliance obligations and their impact on the company (if any)
Benefits of Hiring a Resident Agent for Your Company in Australia
Save time and reduce your workload
The forms you need to obtain from ASIC and other agencies can be complex and overwhelming, especially if you are not familiar with the specific forms you need to accomplish as well as the details you need to provide. There are dedicated forms for every transaction you need to go through, and it is common to get confused with sorting them out.
With our resident agent services, all the forms you need are compiled in one dedicated platform, including any supporting forms that you may be required to lodge.
Avoid incurring late fees and penalties
Missing any filing deadline is a headache, especially if it’s something you were not aware of in the first place. Or there’s a new deadline that you were not informed of. Or worse, a new compliance requirement that you will not be able to accomplish in a short period of time (so as to minimise the late fees and/or penalties).
We will be on top of all your filing deadlines so you can allocate your hard-earned money to growing your business.
Reduce costs and ensure submitted documents are free from errors
Domestic companies are generally not required to appoint a resident agent. But doing so has plenty of benefits, time-wise and money-wise. Being ill-informed and lacking professional support for making informed decisions can result in critical errors. And having errors in your submitted documents means going back to square one and spending more money on the application fees.
With our expert team, you can rest easy knowing that your submitted documents have the right details.