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Penalties

Penalties – Overview
Companies Act – Penalties for Late Lodgement of Annual Return for Local Co. / Annual Filing for Foreign Co.
Companies Act – Penalties for Other Late Lodgements
Limited Liability Partnerships Act – Penalties for Late Lodgement of Annual Declaration
Limited Liability Partnerships Act – Penalties for Other Late Lodgements
Business Registration Act – Penalties for Unregistered Business
Business Registration Act – Penalties for Other Late Lodgements/Renewal
Limited Partnerships Act – Penalties for Late Lodgements

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Business Registration Act – Penalties for Unregistered Business

Length of Default (Days) Late Lodgement Fee
Not more than 30 days $50
Between 31 days to 60 days (Both days inclusive) $75
Between 61 days to 90 days (Both days inclusive) $100
Between 91 days to 180 days (Both days inclusive) $150
Between 181 days to 365 days (Both days inclusive) $200
Between 366 days to 730 days (Both days inclusive) $250
Between 731 days to 1095 days (Both days inclusive) $300
More than 1096 days $350

The legal requirement

Section 27(a) of the Business Registration Act stipulates that any person who being a person required to be registered under this Act, carries on business without being so registered or continues to carry on business after the expiry or cancellation of his registration, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5000 or to imprisonment for a term not exceeding 12 months or to both.

Below is an example to help you understand when penalty is imposed.

Daniel, the owner of Pot & Pot, started business on 30 March 2007 without registration with ACRA. Daniel subsequently registered his business with ACRA on 30 September 2007. The penalty imposed on Daniel for breaching section 27(a) is as follows:

Legal Requirements Due Date to File Notification Date of Notification Period of Default Penalty
Section 27(a) On or before 30 March 2007 30 September 2007 31 March 2007 to 30 September 2007 $200
Last Updated/Reviewed on 16 May 2012
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