Bank accounts must be registered in the company’s name with a bank licensed to operate in Australia.
As part of your local compliance responsibilities, you will need to apply for Worker’s Compensation Insurance.
Including establishing a default Super Fund and registering for State Payroll Tax, to name but a few.
Branches must maintain a registered office & have a company representative present when open.
Registered foreign companies must lodge an annual return with ASIC at least once every calendar year.
Registered foreign companies must lodge financial statements with ASIC at least once every calendar year.
If details about your foreign company, its directors or the local agent change, ASIC must be informed.