Some of the key legal compliance requirements for a business in Australia include the following:u003cbr/u003eu003cbr/u003eu003cstrongu003eInform ASIC of a principal place of business: u003c/strongu003eYour registered company address does not necessarily have to be your main office, so if you operate from a location that’s different from the address you provided to the ASIC, you must let them know. The same goes for any future addresses – should you open a chain, restaurants or clothing stores, for example, every address should be registered.u003cbr/u003eu003cstrongu003eKeep hold of all financial records: u003c/strongu003eEnsure that these records are up-to-date and easy to access.u003cbr/u003eu003cstrongu003eDisclose your directors: u003c/strongu003eYou should make sure that ASIC has a copy of every director’s name, date of birth and residential address.u003cbr/u003eu003cstrongu003ePay fees: u003c/strongu003eWhen you register a company, make changes to your documents or submit your annual statements later than requested, then ASIC may impose fees or late fees. To ensure that your business is fully compliant and provides necessary information on time, refer to the ASIC website and add important dates – like tax returns – to your calendar for reference.u003cbr/u003eu003cstrongu003eKeep information up to date: u003c/strongu003eWhenever you make a change, whether it’s adding a new director to your company or updating your email address, you must notify the ASIC as soon as you can.