The 28-Day Rule: The Difference Between Compliance and Cost
One of the biggest myths in small business is that you only need to deal with ASIC once a year during your Annual Review. In reality, the 28-Day Rule is the most important timeline for a Director to remember.
Whether you are appointing a new director, changing your share structure, or simply moving your registered office, the clock starts ticking the moment the change occurs.
Why "Doing it Later" Doesn't Work Anymore: In 2026, ASIC's systems are faster at cross-referencing data. If you update your details with the ATO or on your Director ID but fail to notify ASIC within 28 days, the system flags the inconsistency.
What happens if you miss the 28 days?
Multiplied Fees: Late lodgement fees are applied per document. If you change your address and your director details but lodge them late, those $98 or $411 fees can multiply quickly.
Operational Stalls: If a bank or a potential landlord pulls a credit check and sees outdated information, it can stall your finance applications or lease renewals.
How we simplify it: At Moran Financial, we offer a "Set and Forget" service for small companies. When something changes in your business, you tell us, and we handle the lodgement within the 28-day window. No forms, no digital keys, and no late fees.
