Most new SMSFs will use a special purpose trustee company.
There is a small annual review fee paid by an SMSF each year to keep the trustee company registered. This fee changes each 1 July. Failing to pay this fee on time can result in late fees accumulating until the outstanding amounts are settled. Additionally, ASIC may deregister the company, a process that takes over 12 months to finalize.
You can pre-pay your SMSF trustee company annual review fees to avoid both increased annual indexing and also late payment fees. Prepaying these fees also helps to avoid the risk of company deregistration and the associated reactivation costs.
ASIC advance payment fees
The following fees are annual and advance payment fees from after 1 July 2025 through to 30 June 2026.
Company Type | Annual Fee | 10-Year Pre-payment Fee |
SMSF special purpose company | $67 | $463 |
Proprietary company | $329 | $2,438 |
How to pay ASIC fees upfront (10 years)
Complete the ASIC advance payment remittance form (see below)
Pay ASIC advance payment fee
Send remittance form to ASIC: [email protected]
ASIC Upfront Payment Remittance Form
To ensure ASIC applies the payment you make correctly, you must submit the following form: ASIC Upfront Payment Remittance Form
You can also generate the form here:
⚠️ WARNING ⚠️ If you make a payment to ASIC, but don't send them the form, the payment will sit as a credit on your account. It won't be considered a pre-payment.
How to pay ASIC fees
Contributing Funds to Your SMSF Account
If your SMSF account lacks sufficient funds to pay ASIC fees, you can make a member contribution to top up the account. This ensures sufficient funds are available for making the payment.
Steps to Contribute Funds:
Deposit the required amount into your SMSF account.
Classify the contribution correctly for tax purposes, ensuring compliance with SMSF contribution rules.
The easiest method of paying your ASIC fees (including the 10-year pre-payment) is via BPAY.
You can find the BPAY details for your company by entering the ACN on the ASIC website:
Every company will have a unique BPAY payment reference number. Payments should be made from your SMSF bank account.
Key information
ASIC will still issue annual company statements, however, the amount payable will be $0
Any changes that happen over that 10-year period (such as changes of address) still need to be notified to ASIC within 28 days- Failing to pay fees on time may result in late fees accumulating and potential deregistration of the company, which takes over 12 months to finalize
If a deregistered company needs to be reinstated, the current reactivation fee is $611 as of 1 July
You need to make the decision to pre-pay your ASIC fees before the annual company statement is issued for your company.
The annual statement is issued on the anniversary date of your company - and ASIC will need a few weeks to process the prepayment request.
Once paid the amount is not refundable.
You can find more information on the 10-year prepayment on the ASIC website
If you have any questions about the ASIC prepayment option for your SMSF trustee company, please contact us.