The company must notify ASIC of its new registered office within 28 days. Late fees may apply if the change is not lodged on time.
However, updating ASIC may not update every address connected with the company.
Loan agreements, leases, guarantees and other contracts may contain a notices clause stating where formal notices and documents can be sent. In some cases, the address shown in the original agreement continues to apply until the other party is formally notified of a replacement address.
This means that notices could continue to be sent to a former home even after the company’s registered office has been updated with ASIC. You may not receive the documents, but they could still be treated as having been delivered under the agreement.
Missing a default notice, demand or court document can have serious consequences. A legal proceeding could continue without your knowledge and, where no response is filed, a default judgment may potentially be entered against the company.
If you use your home as the registered office and later move, you should therefore:
- update ASIC within 28 days;
- review existing loans, leases and other agreements;
- formally notify relevant lenders, landlords and other parties; and
- confirm that all nominated addresses for service have been updated.
Using Extrado as the company’s registered office provides a stable professional address that is not affected when you move home. Where our address is also used as the nominated address in an agreement, your personal move will not leave important documents being sent to your former residence.
