ASIC Payments

How ASIC Annual Statements Work

Every Australian company is required to lodge an annual statement with ASIC. This includes confirming company details and paying the annual review fee. Traditionally, this process has been clunky for accountants and their clients — invoices are sent back and forth, clients forget to pay, late fees pile up, and compliance deadlines are easily missed.

With Annature, the entire process is simplified into one seamless flow. Instead of chasing payments separately, you can send the ASIC annual statement as part of an envelope. The client reviews the statement, confirms their details, and securely provides payment in the same sitting. Payments are processed instantly, removing the need to manually collect or reconcile funds.

This means:

• No more sending invoices and waiting for transfers.

• No double-handling — the ASIC fee is linked directly to the envelope.

• A smoother experience for clients, who can sign and pay in one go.

Prerequisites

Your organisation must complete the Payments Registration process before ASIC Payments become available. Once approved, ASIC Payment will appear as an option whenever you add a payment to an envelope. Learn more here.

Sending an envelope with an ASIC payment

1. Create your envelope as normal and upload the ASIC annual statement as one of the documents.

2. Add at least one recipient.

3. Click Add payment and choose ASIC Payment.

   

4. Select which document contains the ASIC invoice and run a scan. Annature uses OCR to automatically extract the payment amount from the document.

   

5. Review the extracted payment details. Choose whether the payment is required (the client must pay to complete the envelope) or optional (the client can pay later).

   

6. Assign the payment to the recipient responsible for paying.

7. Click Confirm, then send the envelope as usual.

Completing an envelope with an ASIC payment

From the client's perspective:

1. They open the envelope via the secure email/SMS link.

2. They review and sign the documents as usual.

3. After signing, they are prompted to enter their payment details. If payment is required, they cannot complete the envelope without paying. If optional, they can choose to pay later (outside of Annature).

   

4. Both parties receive confirmation of the signing and payment.

Fund settlement

ASIC payments are settled on a T+1 business day cycle, with cut-off times that determine when the payment is forwarded to ASIC.

• Payments made before 4:00 pm (AEST) are guaranteed to be settled to ASIC by 5:00 pm on the same business day.

• Payments made at 4:01 pm or later are processed on the next business day, with settlement to ASIC by 5:00 pm that day.

Examples

• A payment made at 4:00 am Monday is processed the same day — settlement occurs by 5:00 pm Monday.

• A payment made at 3:59 pm Monday is also settled by 5:00 pm Monday.

• A payment made at 6:00 pm Friday is processed on the next business day — settlement occurs by 5:00 pm Monday.

• A payment made at 1:00 am Sunday is processed on Monday, with settlement by 5:00 pm Monday.

This ensures you and your clients have certainty about when ASIC will receive funds, reducing the risk of late fees or compliance issues.

Payments dashboard

Annature provides a dedicated Payments Dashboard to track and manage all payment requests. Here you can view:

• The payment recipient and associated envelope

• The type of payment (e.g., ASIC Payment)

• The payment amount

• The current status