Corporations Legislation Amendment Act 2003 (24 of 2003)

Schedule 1   Repeal of annual return requirements

Corporations Act 2001

10   Paragraphs 4.2 and 4.3 of the Small Business Guide in Part 1.5

Repeal the paragraphs, substitute:

4.2 Extract of particulars

Each year, ASIC issues each company with an extract of particulars within 2 weeks of the company's review date (which is generally the anniversary of the company's registration). The extract includes details recorded on ASIC's database such as:

names and addresses of each director and company secretary;

issued shares and options granted;

details of its shareholders;

address of its registered office;

address of its principal place of business.

If any of the details are not correct as at the date the extract is received, the company must correct those details.

The correction may be lodged with ASIC on a printed form or, if an agreement is in place to lodge electronically, in accordance with the agreement.

[Sections 346A and 346C, 352]

4.3 Review fee

A company must pay a review fee to ASIC each year.

[Corporations (Review Fees) Act 2003]