
Why updating ASIC records is critical
Under the Corporations Act 2001 (Cth), among other methods, any document may be served on a company by:
(a) leaving it at, or posting it to, the company’s registered office; or
(b) delivering a copy of the document personally to a director.
This means that ASIC, the ATO, other government authorities or any other creditor can serve important papers on a company at its former place of business (where that address has not been updated at ASIC) even if they have since moved.
Documents that could be served on a company can include:
- Court proceedings such as an Originating Process / Statement of Claim / Summons
As these important documents can be served on a company even though they may not actually come to the attention of the company or its directors, demonstrates why updating ASIC records is critical.
Similarly, if the ATO was to serve a Director Penalty Notice (DPN) on a director, note that:
- DPNs are sent via ordinary mail to the Director’s last recorded residential address on ASIC’s database
- notice is given on the day the DPN is issued, not when it is or is likely to have been received
- actual non-receipt of a DPN is not a defence.
FURTHER INFORMATION
For further information, please contact McKillop Legal on (02) 9521 2455 or email help@mckilloplegal.com.au
This information is general only and is not a substitute for proper legal advice. Please contact McKillop Legal to discuss your needs.