Director changes & ASIC records

By Vivian Michael | Company

Director changes - ASIC records & bonus templates

Our practical tips for director changes and ASIC records 

A director resigns,  you need to add a new director either on an ongoing basis or for a specific time period,  either way,  you will need to record the change internally and you will need to let ASIC know. Here are our tips.

Too busy to read on? check out our 35 second summary video below.

Here’s what you need to know to make the changes.  

1. ASIC's online portal

You can change directors, appoint additional or alternate directors through ASIC's online portal.

2. Time frame

You need to notify ASIC within 28 days of the date of the change so you can avoid penalty from ASIC. 

3. Get consent

You need consent from the prospective director.  You can get formal consent using the complimentary template at the end of this article.

4. Keep a register

You need to keep a register of your current office holders for internal record keeping  and also in case ASIC inspects your records. 

5. Age & residence

A director must be at least 18 years old and your company must have at least one director that  lives in Australia. 

6. Making the changes

Below are some screenshots of the steps to make the changes. You will need your unique online portal access code, contact ASIC if you don’t have this. You can learn more about portal access here.

To record director changes with ASIC, you will need to access the online portal on the right hand side of the ASIC's homepage.   

Accessing ASIC's online portal

Accessing ASIC's online portal

Next, you need to enter your Australian Company Number aka ACN.

Enter your Australian Company Number

Enter your Australian Company Number

Click 'start new form' on the right hand side of the screen.

Click 'start new form'

Click 'start new form'

You will find a list of all the forms that you can complete via the online portal.

Online ASIC changes

Changes you can make online

To make director changes, click on form 484. 

Form 484 changes

Form 484 changes

Key steps

  • Get access to the ASIC online portal.
  • Discuss director changes with the person affected.
  • Record the changes internally.
  • Record the changes on ASIC's online portal using form 484.
  • If in doubt, contact a business lawyer.


About the Author

Vivian Michael is a lawyer and founder of Michael Law Group. Vivian's mission is to make quality business legal services accessible to entrepreneurs launching in Australia that would otherwise DIY, rely on legacy contracts or go without.

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