Removal of E-Signature Functionality for ASIC Form 362

Issue

The e-signature functionality is no longer available for ASIC Form 362.

Reason

ASIC issued a newsletter clarifying their compliance position on the signing requirements for Form 362 –Notification by a company to nominate or cease a registered agent or contact address.   

In summary, the newsletter stated: 

  • Form 362 must be signed in “wet-ink” rather than by electronic signature 
  • A hard copy of the physically executed Form 362 must be held on file by ASIC Agents for at least 7 years 

This compliance requirement is irrespective of the fact that Form 362s can be lodged electronically.      

Accordingly, NowInfinity made the decision to remove the e-signature functionality for executing ASIC Form 362s. 

 

Reference

You can refer to ASIC Infocus November 2020 newsletter for the clarification recently issued by ASIC.   ASIC Agents may also refer to the Electronic Lodgement Protocol for further guidance.  

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