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Changes to Business Details Services in Australia

We offer Changes to Business Details services to registered companies in Australia in need of professional assistance for updating their business details with relevant government agencies. Our business consultants have the right tools and expertise to help you expedite the process with a high level of accuracy and know-how on the best practices to expertly navigate compliance.

Our Changes to Business Details Services

Initial assessment of the specific requirements to submit for application for amending business details
Compile and verify documents
Obtain all necessary forms from government agencies and ensure all filled in details are accurate
Lodge requirements for proposed amendments to the appropriate agency
Assistance with ensuring the business details on record with relevant agencies are updated and accurate
Assistance with notifying relevant agencies of the amendments/changes to your business details

Which Government Agencies Should I Notify When Updating My Business Details?

When you decide to make changes to your business structure, company name, registered office address, or contact details, you must formally inform the relevant government agencies you communicate with for your compliance obligations. The specific amendments will determine which government agencies you need to notify.

For most companies in Australia, the following agencies are at the top of the list for the process of notifying changes (owing to the 28-day deadline they require for reporting changes):

Australian Securities and Investments Commission (ASIC)
Australian Taxation Office (ATO)
Australian Business Register (ABR)

What Changes Can I Make to My Business Details in Australia?

Company Details

You need to notify ASIC of changes to your business details, including the following:

change company address/es
change company name
appoint or cease company officeholders
appoint or cease a resident agent
changes to members register (share structure and details of top 20 shareholders)
change the name of officeholders and/or shareholders
transfer shares
request a correction of business details

Registration Details

You need to keep the following registered business details updated at all times with ATO and ABR:

postal, email, and principal place of business
main business activity/ies
Australian Company Number (ACN) or Australian Registered Body Number (ARBN)
entity name or business name registered with ASIC
public officer (must be in writing and include the contact details of the public officer)
financial institution account information
details of authorised contact person

ABN Details

ABR will require you to update your Australian Business Number (ABN) if you’ve made changes to your business details.

You can update your ABN details through the following:

online through the ABR website
through your resident agent or professional services provider
calling ABR’s infoline
lodging a Change of Registration Details form (NAT 2943)

What are the Penalties for Failure to Notify Government Agencies of the Changes?

ASIC

If you do not notify ASIC of the changes you want to make, you will be charged with late lodgement fees. You will be charged AU$83 when you give notice for up to a month late. You will be charged AU$344 for notices of over one month late.

ATO

Companies that fail to lodge on time will be notified by phone or in writing of the penalty, including:

reason for the penalty
amount of the penalty
due date for payment (at least 14 days after notice was provided)

ATO calculates the amount of the penalty based on the size of the company and the period of time since the deadline for submission.

ABR

You will be informed in writing of the penalty and specific amount you need to pay. ABR’s process is similar to what ATO imposes.

How Long Does It Take to Update Business Details in Australia?

The timeline for the process will depend on the specific details you want to update. It will also depend on other factors, including:

how old your company is
which state/territory your company was incorporated in
the total number of changes you have made since incorporation

For newly-incorporated companies, the process can be anywhere from 24 hours to 5 business days, depending on the number and complexity of the proposed amendments. For older companies, the process can be longer. You can reach out to our team to request an estimation of the timeline.