One of the main questions I often get asked is, “What is compliance?” Its a very open question that really needs a lot of time to answer. However what I can answer in a few lines is around ASIC compliance, what do you need to do to remain compliant with the ASIC Corps Act 2001? Can you just jump onto ASIC and make your changes and thats it? Is it that simple? Ah no it is not that simple. Even the annual review requires a solvency resolution to be drafted and executed by the directors. Please see the attached PDF I have generated, while its not a complete listing (and I tried to add everything but it got to big!) it certainly gives you an idea of what is required. Yes some changes don’t need much, while others require a lot. To remain compliant, all is required.