OFFICEHOLDER CONSENTS
It is a requirement of the A.S.I.C. that the written consents of the directors and members are obtained before we can register companies. The final section on our order form also provides for the registration of a company where the identical business name is currently registered. The cessation of the identical business name will not be required if the proprietors of the business name are to be members of the proposed company and the declaration is duly signed.

CORPORATE REFORM (CLERP 7)
The Corporations Law Economic Reform Program, Bill No. 7 (CLERP 7) was enacted 1 July, 2003.
KEY FEATURES
Annual Returns were abolished.
ASIC issues a “Statement of Company Details” (Form 480) within 2 weeks after the review date, which is the incorporation date of each company. An invoice is issued at the same time.
This Annual Fee is due on or before 60 days after the review date.
If there are any changes to be made, they must be lodged on or before 28 days from the review date. No documents need to be lodged if the information is correct.
Non-payment of the Annual Fee results in de-registration of the company.
Changes to company details must be lodged throughout the year as they occur, the notification period increased from 14 to 28 days.
One form (Form 484) is now used to notify changes.
On incorporation of a new company, shareholders have to declare beneficially/non-beneficially held shares, along with the ultimate holding company if applicable.

SECRETARIAL SERVICES
Rapid Companies now offers a full range of on-going company secretarial services. These include, appointment/resignation of officeholders, transfer/allotment of shares, change of officeholders details and much more.
Secretarial Services-Information Sheet

DIVISION 7A – LOANS TO MEMBERS AND ASSOCIATES
Our standard Constitution has been updated to include clauses relating to loans made by companies to members and associates of members.