Australia Compliance Guide
Filing requirements, deadlines, and fees for Australia business entities.
Filing Obligations
Annual Statement and Review Fee
AnnualASIC issues an annual statement to each company around the review date (anniversary of registration). The company must confirm its details are correct and pay the annual review fee within 2 months.
2 months after the review date (anniversary of registration)
AUD 310 (proprietary company, 2024–25); AUD 1,388 (public company, 2024–25)
AUD 85 late fee. ASIC may deregister the company if the review fee is not paid.
Online via the ASIC Connect portal
Annual Financial Report (Large Proprietary Companies / Public Companies)
AnnualPublic companies and large proprietary companies (meeting at least two of: revenue ≥ AUD 50m, assets ≥ AUD 25m, employees ≥ 100) must prepare, audit, and lodge annual financial reports with ASIC. Small proprietary companies are generally exempt.
Within 4 months of the financial year end (public) / 4 months (large proprietary)
AUD 59 (lodgement fee)
Late lodgement penalty: AUD 401 to AUD 2,411 depending on delay. ASIC may also apply to court for additional penalties.
Online via the ASIC Regulatory Portal
Company Tax Return
AnnualAustralian companies must lodge an annual tax return with the Australian Taxation Office. The standard corporate tax rate is 30%, with a reduced rate of 25% for base rate entities (aggregated turnover under AUD 50 million).
Generally 15 May following the income year (30 June year end). Tax agent lodgement dates may be later.
No filing fee
Failure to lodge penalty: 1 penalty unit (AUD 313 in 2024–25) per 28-day period, up to a maximum of 5 penalty units. Additional penalties for tax shortfalls.
Online via the Australian Taxation Office (ATO) portal or through a registered tax agent
Business Activity Statement (BAS) — GST
Monthly or QuarterlyBusinesses with GST turnover of AUD 75,000 or more must register for GST (10%) and lodge Business Activity Statements. BAS reporting can be monthly (turnover > AUD 20m) or quarterly.
28th day following the end of the reporting period (monthly or quarterly)
No filing fee
Failure to lodge on time: 1 penalty unit per 28-day period. Late payment interest (General Interest Charge) applies to unpaid amounts.
Online via the ATO Business Portal or through a registered BAS/tax agent
Key Dates
Frequently Asked Questions
What is the Australian corporate tax rate?
The standard corporate tax rate is 30%. Base rate entities (companies with aggregated turnover under AUD 50 million and no more than 80% of assessable income from base rate entity passive income) pay a reduced rate of 25%.
Do small proprietary companies need to lodge financial reports?
Generally no. Small proprietary companies (meeting fewer than two of: revenue ≥ AUD 50m, assets ≥ AUD 25m, employees ≥ 100) are not required to prepare or lodge financial reports with ASIC, unless directed to by ASIC or shareholders.
Manage Australia compliance automatically
CompCal tracks every deadline and sends smart alerts so you never miss a filing.
Get Started FreeLast updated: 2026-02-27. Information is provided for general guidance and may not reflect the most recent changes. Always verify with the official state registrar.