Not for Profit (special purpose) companies limited by guarantee save ASIC annual fees

by Andrew Lind on 28 July, 09

Many Not for Profit (Non Profit) companies limited by guarantee should qualify as Special Purpose Companies with ASIC.

A Special Purpose Company qualifies for reduced annual review fees from $1000 pa to $40 pa (a not insignificant saving!)

You can advise ASIC that a company is a Special Purpose Company on the Form 201 Application for Registration. Alternatively, at a later date, you can lodge a Form 484 Change to company detailsThere are number requirements for a Not-for-profit company to qualify as a Special Purpose Company – and all 3 requirements are addressed in our template constitution for companies limited by guarantee.

A company that ceases to be a Special Purpose Company must notify ASIC of this change using a Form 484 B3.

It makes good sense to enage our specialist Not for Profit lawyers.

 

{ 0 comments… add one now }

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*

Terms & Conditions

Law Experts content including responses to your questions and comments provides legal information, tips and hints. The content on this site is not legal advice. That’s good, because there’s no risk of getting a bill by making a comment, asking a question or just contacting us.

You agree that any comment or question that you may ask may be published on this site, after editorial review, for the benefit of future readers. Our editors may edit comments in their discretion. For example we will would seek to remove information that would identify you.

The Corney & Lind lawyers (law experts) are of course happy to give legal advice, that’s what they do for a living. However it is only legal advice when you have engaged Corney & Lind Lawyers to provide legal advice for you. Before you do that you want to have an idea of what it might cost and our lawyers are happy to communicate with you about this.

We may change any of these terms and conditions at any time in our discretion by changing them on this page.

You must scroll down the terms & conditions before you can agree.

Previous post:

Next post: